Refinance & equity
Tap into your equity without selling the house.
Swap your current mortgage for a new, larger one and receive the difference at closing. Homeowners use it to consolidate high-interest debt, fund renovations, pay for education, or invest.
- Max LTV
- 80% typical
- Rate type
- Fixed or ARM
- Funds
- At closing
Best for
- Consolidating credit cards or other high-rate debt
- Renovations that add value
- Large one-time expenses
Debt consolidation
Many homeowners use cash-out refinancing to consolidate debts that carry much higher interest rates. One payment at a mortgage rate can free up hundreds a month.
Renovations
A kitchen, an addition, a finished basement. A cash-out refinance is an efficient way to fund improvements that raise the value of the home securing the loan.
Or keep your first mortgage
If your current rate is lower than today's, a home equity loan or HELOC may be the smarter tool. We offer both, and we'll show you the math side by side.
Questions people ask
- How much can I take out?
- Most programs allow up to 80% of the home's value, less your current balance. VA cash-out can go higher for eligible veterans.
Often compared with
Next step
Ready to talk to a lender who can actually decide?
Start the application online, or call and ask for the mortgage department. Either way, a real human in Crystal Lake or Appleton takes it from there.