Cash-Out Refinance
Leverage Your Home Equity — Your Way
A cash-out refinance lets you turn the equity you’ve built in your home into usable cash — while replacing your existing mortgage with a new one. It’s a strategic way to access funds at a lower interest rate than most credit cards or personal loans. The money can be used for nearly anything: home improvements, debt consolidation, college tuition, or life’s unexpected expenses.
At Choice Mortgage Group, we make the process clear, straightforward, and fast — with personalized advice to help you make confident financial decisions.
Key Benefits
Access to large amounts of cash
at potentially lower interest rates
Lower monthly payments
if current rates are more favorable than your original mortgage
Debt consolidation
roll higher-interest credit card or personal loan debt into your mortgage
Home improvement financing
without a separate loan
Potential tax advantages
on mortgage interest (consult your tax advisor)
To be eligible for a conventional cash-out refinance, you’ll typically need to have owned your home for at least 6 months. Exceptions apply for inherited or legally awarded properties.