When does refinancing make sense?

When the savings, cash or other benefit outweighs the cost. A break-even calculation helps: closing costs divided by monthly savings.

How much cash can I take out?

It depends on your home value, current balance and the program's maximum loan-to-value, which varies by lender.

Will refinancing restart my loan term?

It can. You can choose a shorter term to avoid extending your payoff date.

Can I refinance a VA loan?

Yes. VA offers the IRRRL (streamline) and VA cash-out refinance for eligible borrowers.

Does a cash-out refinance affect taxes?

Interest deductibility depends on how funds are used. Please consult a tax professional.

Loan Programs

Refinance / Cash-Out in California

Refinance to change your rate or term, remove mortgage insurance, or take cash out for renovations, debt consolidation or investments.

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Who It's For

Is Refinance / Cash-Out a fit for you?

Homeowners who want a different rate or term
Owners who want to remove mortgage insurance
Owners who want to consolidate higher-interest debt
Owners funding renovations or other goals
Investors pulling equity from rentals

Rate & Term

Change your rate, term or move from adjustable to fixed.

Cash-Out

Tap your equity for renovations, debt payoff or investing.

Consolidate Debt

Combine higher-interest balances into one payment where it makes sense.

Remove Mortgage Insurance

Refinancing may remove MI once you have enough equity.

How It Works

The Refinance / Cash-Out Process

Review your goals

We look at your current loan and what you want to achieve.

Run the numbers

Compare payment, costs and break-even.

Apply & lock

Submit documents and lock when ready.

Appraisal & underwriting

Value confirmed and conditions cleared.

Close

Sign; primary-residence refinances typically include a three-day right of rescission before funding.

Typical Guidelines

General Guidelines

General information only. Actual requirements vary by lender and scenario.

Max cash-out LTV	Varies by program and lender
Credit score	Varies by program and lender
Seasoning	Time since purchase may be required; varies
Closing costs	Varies; can sometimes be financed
Rescission	Typically 3 business days for primary residence refinances
Programs	Conventional, FHA, VA (including IRRRL), jumbo, non-QM, DSCR

Live Market

Today's Rates

Rates shown are for informational purposes, change daily, and are not a commitment to lend. Your rate depends on credit, loan amount, property and other factors.

Run the Numbers

Mortgage Payment Calculator

Home Price$400,000

Home price ($)

Down Payment (20.0%)$80,000

Down payment ($)

Interest Rate6.500%

Interest rate (%)

Loan Term30 Years

Property Tax (Yearly)

1.25% is a planning assumption, not a property-specific quote.

Homeowners Insurance (Yearly)

HOA Dues (Monthly)

Financed Upfront Fee

Enter any financed funding, guarantee or upfront insurance fee.

Estimated Monthly Payment

$2,689

Including taxes & insurance · $2,023 principal & interest

Payment Breakdown

Principal & Interest: $2,023
Property Taxes: $417
Homeowners Insurance: $250
HOA Dues: $0
PMI: $0

Loan Summary

Base Loan Amount: $320,000
Financed Upfront Fee: $0
Total Financed: $320,000
Loan-to-Value: 80.0%
Total Interest (P&I): $408,142

Estimates only, not a loan offer or commitment to lend. Rates, taxes and insurance are editable planning assumptions. Program selection is not an eligibility determination. Mortgage insurance and upfront fees vary by program and lender; enter your quoted amounts. Actual payments may differ. VA loans have no monthly mortgage insurance.

Talk to Bill about your numbers

FAQ

Refinance / Cash-Out FAQ

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