Refinance your mortgage, tap into the equity you've built, and walk away with cash for debt consolidation, home improvements, or whatever comes next — all while keeping the home you love.
When you refinance your mortgage, you're replacing your current home loan with a new one — usually to get a better rate or term. A cash-out refinance takes that a step further: you refinance for more than you currently owe, and you receive the difference as cash at closing.
That cash comes from the equity you've already built in your home — the gap between what your home is worth and what you still owe. Instead of leaving that equity sitting untouched, a cash-out refinance lets you put it to work.
You end up with one new mortgage, one monthly payment, and a lump sum of cash in hand — with no need to sell your home or take on a second loan.
You're swapping your current mortgage for a bigger one, and Von Mortgage hands you the difference in cash. Same house, one payment, extra money in your pocket.
Access the value you've already built in your home as a lump sum at closing — no need to sell or take out a separate loan.
Roll credit cards or other high-rate balances into one lower-interest mortgage payment and simplify your monthly bills.
Renovate your kitchen, finish a basement, or make upgrades that add real value — using money that's already tied up in your home.
Get access to cash without moving, selling, or giving up the home and neighborhood your family is settled in.
If rates have moved since you bought your home, a cash-out refinance can combine debt payoff with a better mortgage rate.
You go through a single, streamlined underwriting process — not two separate loans with two sets of paperwork.
Most cash-out refinances close in 30–45 days, so you're not waiting indefinitely to put your equity to work.
Pete and his team walk you through every step, so you always know exactly where your application stands.
Once you close, your cash is deposited directly to you — ready to use however fits your goals.
Start with a quick application so Pete and his team can review your goals and get a sense of how much cash you may qualify to access.
Provide income, asset, and mortgage documents so we can verify your eligibility and lock in the right loan structure for your situation.
An independent appraisal confirms your home's current value, which determines how much equity is available to cash out.
Your loan moves through underwriting for final approval, where we double-check every detail so closing goes smoothly.
Sign your final loan documents, and your cash is disbursed shortly after closing — typically within a few business days.
| Feature | Cash-Out Refinance | HELOC | Personal Loan |
|---|---|---|---|
| Number of Payments | One (replaces existing mortgage) | Two (mortgage + HELOC) | Two (mortgage + loan) |
| Interest Rate | Fixed, typically lower | Usually variable | Often higher, fixed |
| Access to Funds | Lump sum at closing | Draw as needed | Lump sum |
| Secured by Home | Yes | Yes | No |
| Best For | Larger, one-time cash needs | Ongoing or flexible expenses | Smaller amounts, fast access |
A cash-out refinance replaces your current mortgage with a new, larger loan based on your home's equity. You keep the difference between your old loan balance and the new loan amount as cash at closing, while ending up with a single new monthly payment.
Most lenders, including Von Mortgage, allow you to refinance up to 80% of your home's appraised value. The cash you receive is the difference between that new loan amount and what you currently owe, minus closing costs.
Most cash-out refinance programs require a minimum credit score of 620, though your rate and terms improve with a higher score. Von Mortgage can walk you through what's realistic for your specific credit profile.
A cash-out refinance replaces your existing mortgage entirely with one new loan and a fixed rate, giving you a lump sum at closing. A HELOC is a separate line of credit on top of your existing mortgage, usually with a variable rate and funds you draw as needed rather than all at once.
Most cash-out refinances close within 30 to 45 days from application, depending on how quickly documentation is submitted and how busy the appraisal and underwriting pipeline is at the time.
Interest may be tax-deductible if the cash is used to buy, build, or substantially improve the home securing the loan, subject to current IRS limits. Because tax treatment depends on your specific situation, it's worth confirming with a tax professional.
There are no restrictions on how you use the funds. Common uses include paying off high-interest debt, funding home improvements, covering education costs, or building an emergency reserve.
Yes — because you're replacing your entire mortgage, your new loan carries whatever current rate you qualify for, which may be higher or lower than your existing rate depending on market conditions and your credit profile.
Most cash-out refinance programs require you to keep at least 20% equity in your home after the new loan, since lenders typically cap the new loan at 80% of the appraised value.
Let's talk through your numbers and see what a cash-out refinance could look like for you — no pressure, just clear answers.
Prefer to talk it through first? Call us at (530) 221-7700
We are eager to hear from you
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