Cash-Out Refinance
Apply NowWhen you choose a cash-out refinance, you replace your current home loan with a new mortgage for more than you owe on your home. At closing, you receive the difference in cash.
For example, if your home is valued at $260,000 and you owe $180,000, doing a cash-out refinance means you’d be able to use a portion of that $80,000 in equity for things like a home renovation, college tuition, or paying off high interest debt, like credit cards.
It is important to keep in mind that a new mortgage will come with closing costs and a new rate that will affect your monthly mortgage payment. Make sure you talk to one of our expert mortgage loan originators to understand exactly how opting for a cash-out refinance will affect you.
Apply to Refinance Now
Begin your secure application.
Connect with a local lender.
Fill out the form below or call 1-800-914-8224 to get in contact with the Mortgage Services team.
Have a question about an existing home loan? Call 1-800-UCBANK1 (1-800-822-2651) and choose Option 6 to connect directly with our loan servicing experts.
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Not Ready to Refinance?
Try Leveraging Your Home's Equity.
Sometimes it's just not the right time to refinance. Your home could still lend you a hand without you having to refinance your home. Consider a Home Equity Line of Credit (HELOC) or a Home Equity Loan. It might just be the solution you're looking for.
