Your home has equity.
Put it to work.
Access up to 80% of your home's value. Pay off debt, fund renovations, or invest — at mortgage rates far below credit cards.
What will you use the cash for?
Today's Cash-Out Rate
6.37%
30yr Fixed · APR varies · See personalized rate
Your Cash-Out Equity Calculator
Your Equity
$170,000
Max Cash-Out
$80,000
New Payment
$2,058/mo
✓ You qualify for up to $80,000 cash-out at 80% LTV.
No SSN required · Soft credit pull only · Takes 60 seconds
5,000,000+
Homeowners Served
$700B+
Loans Funded
4.8★
Average Rating
NMLS #2611
Licensed & Regulated
Live Wholesale Rates
Today's cash-out refinance rates
Rates update in real time from FRED. APR and points vary by loan profile.
30yr Fixed
6.37%
+0.070%
15yr Fixed
5.72%
+0.080%
FHA 30yr
6.39%
+0.044%
VA 30yr
5.96%
-0.016%
Jumbo 30yr
6.55%
+0.129%
5/1 ARM
6.00%
-0.020%
APR varies based on loan type, credit score, and terms. Rates are not an offer to lend. Representative APRs shown above.
Why Cash-Out Refi
Smarter than a personal loan or HELOC
Lower rates than credit cards
Mortgage rates are typically 10–15% lower than credit card APRs. Consolidate high-interest debt and save thousands.
Access up to 80% LTV
Turn your home equity into cash for renovations, college tuition, investments, or any major expense.
One simple payment
Roll your existing mortgage and new cash into a single monthly payment — often lower than your current mortgage + debt payments combined.
How your cash-out refi works
See your equity
Enter your home value and balance above. Our calculator shows your maximum cash-out in seconds.
Get your rate
Answer a few questions — no SSN, no hard pull. See your personalized cash-out rate instantly.
Close in 21 days
Our AI-powered process moves fast. Most cash-out refis close in 3 weeks or less.
Have questions about cash-out?
Tony can explain LTV limits, tax implications, and whether a cash-out refi or HELOC makes more sense for your situation.
Hi there! I'm Tony AI, your mortgage advisor from Turn Times. I'd be happy to explain how a cash-out refinance works and what factors determine how much equity you can access.
A cash-out refinance is a type of mortgage refinance where you take out a new, larger mortgage than what you currently owe on your home. The difference between your new loan amount and your old loan amount (plus closing costs) is given to you as a lump sum of cash at closing.
People typically use cash-out refinances for various reasons, such as:
- Home improvements: Funding renovations or repairs.
- Debt consolidation: Paying off high-interest debts like credit cards or personal loans.
- Major expenses: Covering college tuition, medical bills, or other significant costs.
- Investment: Investing in other assets or properties.
How Much Equity Can You Access?
The amount of cash you can access through a cash-out refinance depends on several key factors:
-
Your Home's Equity: This is the difference between your home's current market value and how much you owe on your mortgage. For a cash-out refinance, lenders typically allow you to borrow up to a certain percentage of your home's value, not the full amount. This percentage is known as the Loan-to-Value (LTV) ratio.
-
LTV Limits:
- Conventional Loans (Fannie Mae/Freddie Mac): Generally, you can borrow up to 80% LTV for a cash-out refinance on a primary residence. This means if your home is worth $500,000, you could potentially have a new mortgage of up to $400,000. If you owe $250,000, you could get $150,000 in cash (minus closing costs).
- FHA Loans: FHA cash-out refinances typically allow up to 80% LTV as well.
- VA Loans: VA cash-out refinances are very generous, allowing eligible veterans to borrow up to 100% LTV of their home's value. This is a significant benefit for veterans looking to access their equity.
-
Credit Score: A higher credit score generally qualifies you for better interest rates and potentially more favorable loan terms, which can influence your overall eligibility and how much you can borrow.
-
Debt-to-Income (DTI) Ratio: Lenders will look at your total monthly debt payments compared to your gross monthly income. A lower DTI ratio indicates you can comfortably manage your new, larger mortgage payment.
-
Property Type and Occupancy: LTV limits can be stricter for investment properties
Ask Tony AI provides general mortgage education — not personalized financial advice. For a rate quote or pre-approval, speak with a licensed loan officer.
Ready to access your equity?
See your personalized cash-out rate in 60 seconds. No SSN required.
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