Cash Out Refinance

 

If you are interested in getting cash out from the equity of your house – that is traditionally referred to as a “cash out refinance” and there are various cash-out programs available regardless what kind of loan you currently have. Be prepared to fully document your income, assets, credit and more when doing a cash-out refinance – but if you can do all of those things, you can leverage the equity in your home for whatever purpose you would like. Some homeowners take cash out for home improvements, some for other expenses like college – and some just go on vacation!