Cash-Out Refinance
Turn your home equity into capital — consolidate debt, fund renovations, or invest.
Overview
A cash-out refinance replaces your existing mortgage with a larger one, and you receive the difference in cash. If your home is worth $600,000 and you owe $350,000, you have $250,000 in equity. A cash-out refi lets you tap into that equity for home improvements, debt consolidation, investments, or any other purpose — at mortgage rates that are typically far lower than credit cards, personal loans, or HELOCs.
Who It's For
How It Works
Equity Analysis
We estimate your home's current value and calculate how much cash you can access while maintaining 20% equity.
Purpose Review
We discuss what the cash is for and whether a cash-out refi is the best tool vs. HELOC or other options.
Rate & Structure
We match your cash-out amount and term to the right Movement program and structure it for the best rate we can get you.
Close & Fund
After closing, you typically receive your cash within 3 business days.
Requirements
These are general guidelines, not a quote or commitment to lend. Actual terms depend on credit approval, income, and underwriting — not all applicants will qualify, and programs and requirements are subject to change without notice. Through Movement Mortgage we have access to additional programs with different requirements. Contact David & Bri for options specific to your situation.
Pros & Cons
Advantages
Considerations
Calculator
Quick estimate
Estimate your monthly payment
Estimated monthly payment
$3,490
30-year fixed at 6.875%
FAQ
3 questions
How much can I cash out?
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On a conventional cash-out refinance, you can borrow up to 80% of your home's current value. If your home is worth $600,000, you can have a total loan of $480,000. Subtract what you currently owe, and the rest is your cash.
Is a cash-out refinance better than a HELOC?
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It depends. Cash-out refi gives you a fixed rate and a single payment. HELOC gives you a revolving credit line at a variable rate. We cover HELOCs on a separate page and can help you compare both options.
Do I pay taxes on cash-out refinance money?
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No — cash from a refinance is not taxable income because it's borrowed money, not earned income. However, if you use the funds for home improvements, the interest may be tax-deductible.
Ready to explore cash-out?
Schedule a complimentary consultation. We'll review your situation and tell you honestly whether this is the right move.