Cash-Out Refinance

A cash out refinance allows you to convert the equity you’ve built in your current home into a cash payout, or what’s called a cash out. In Texas, you can convert up to 80% of your equity into cash, and then can refinance your remaining balance with a new loan.

A cash out refinance takes similar elements into consideration as a rate / term refinance, such as your credit score, debt, cash reserves, and income. Speak to a lender today to see if a refinance is right for you.