Replace your mortgage and access the equity you have built.
Explore cash-out refinance options that pay off your existing loan and return eligible equity as proceeds at closing. Available options are subject to application review, verification, lender guidelines and underwriting approval.
(938) 201-5656Program availability and eligibility depend on borrower profile, property, credit, income, equity, documentation, lender guidelines, and underwriting approval. This is not a commitment to lend or extend credit. Uptiq Premier Mortgage, LLC | NMLS 2362651. Equal Housing Opportunity.
Quick program summary
A cash-out refinance replaces your existing mortgage with a new, larger loan and returns the difference to you as proceeds, subject to equity and lender guidelines.
- Replaces the existing mortgage with a new loan
- Eligible equity may be returned as proceeds at closing
- Available proceeds depend on value, liens and lender guidelines
- Primary residences, second homes and investment properties may be considered
- Conventional, government-backed and non-QM paths may each apply
What is cash-out refinance?
A cash-out refinance is one loan replacing another. The new mortgage pays off the existing balance, and any remaining amount within the lender's limits comes to you at closing.
The contrast with a HELOC matters: a HELOC leaves your first mortgage alone and adds a revolving second lien, while a cash-out refinance changes the rate, term and payment on the entire balance.
Transactions commonly considered include consolidating higher-cost debt, funding renovation or investment, and recapturing equity from a rental property.
Before requesting a review, it helps to know your approximate value, current balance and rate, and how the proceeds will be used.
Who may want to explore it?
May be worth exploring when you need a single lump sum rather than a revolving line
Could be considered for consolidating higher-cost balances into one payment
Options may be available for funding a renovation or the next investment purchase
May fit investors recapturing equity from a rental property
Could be considered when current market terms compare favorably to your existing loan
What this program may offer.
Eligible proceeds are delivered at closing rather than drawn over time.
The new loan replaces the existing mortgage, so there is one payment rather than two liens.
Conventional, government-backed and non-QM cash-out structures may each be available.
Cash-out on eligible rental and investment properties may be considered, including DSCR paths.
The new loan's term and structure can be selected as part of the refinance.
UPM compares cash-out against a HELOC so the trade-off against your current rate is clear.
Important considerations
- Refinancing replaces your existing rate and term, which may not be favorable if your current rate is low.
- Available proceeds depend on appraised value, existing liens and lender loan-to-value limits.
- Closing costs apply and should be weighed against the benefit.
- Extending the term can change total interest paid over the life of the loan.
- Seasoning requirements may apply depending on the program and recent transactions.
Options we can review
- Conventional cash-out refinance
- Government-backed cash-out paths for eligible borrowers
- DSCR cash-out on eligible investment property
- Bank statement or P&L cash-out for self-employed borrowers
- Jumbo cash-out on eligible higher-value properties
Three steps, no guesswork.
Compare a cash-out refinance against a HELOC so the effect on your existing rate is understood.
Share your property, approximate value and goal for the proceeds through the Guide.
A licensed mortgage professional reviews available equity and compares cash-out structures across lenders.
Frequently asked questions.
Available proceeds depend on the appraised value, existing liens and the lender's loan-to-value guidelines for your property and occupancy type.
If your existing first mortgage carries terms you want to keep, a HELOC may be the better comparison. If you want one consolidated payment, cash-out may fit.
Yes, cash-out on eligible investment properties may be considered, including through DSCR programs.
Yes. A cash-out refinance is a new mortgage and carries closing costs, which are reviewed against the benefit before you proceed.
Seasoning requirements may apply depending on the program and how the property was acquired. This is confirmed during review.
Yes. Full documentation, bank statement and P&L paths may each be compared.
Common uses include renovations, debt consolidation and investment. Some programs have restrictions, which your professional will review.
Other paths worth comparing.
Ready to see what cash-out refinance could look like for you?
Start with the UPM Mortgage Guide, then review possible options with a licensed mortgage professional.
(938) 201-5656Program availability and eligibility depend on borrower profile, property, credit, income, equity, documentation, lender guidelines, and underwriting approval. This is not a commitment to lend or extend credit. Uptiq Premier Mortgage, LLC | NMLS 2362651. Equal Housing Opportunity.