Home / Loan Programs / Cash-Out Refinance
Refinance · Equity Access · Non-QM Available

Tap Your Equity. Keep Your Options Open.

A cash-out refinance replaces your existing mortgage with a new, larger loan — and you receive the difference in cash. Conventional, Non-QM, and DSCR options reviewed for primary, investment, and second home properties.

Conventional & Non-QM DSCR Cash-Out for Investors Primary & Investment 40+ Wholesale Lenders
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Buy the Next Investment Property
Use equity as down payment on a new rental or investment acquisition
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Fund Renovations
Major renovations, ADUs, or value-add projects to increase rents or value
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Pay Off High-Rate Debt
Replace 20–27% credit card debt with a secured mortgage rate
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Fund a Business
Access equity for working capital, expansion, or business investment
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Build Reserves / Invest
Access liquidity while keeping the property and its equity growth
Strategic Uses

When a cash-out refi
makes the most sense.

Unlike a HELOC which leaves your first mortgage in place, a cash-out refi makes the most sense when you also want to change your rate, term, or consolidate your mortgage into one clean loan.

Investment Property Access

DSCR cash-out programs let investors qualify using rental income rather than personal income — a major advantage for self-employed investors and foreign nationals.

Property Value$500,000
Current Balance$250,000
Available at 75% LTV$125,000 cash out

Debt Consolidation + Rate

If you have a higher first mortgage rate and significant high-interest debt, a cash-out refi can tackle both at once — lower your rate and eliminate the expensive debt.

Credit Card Rate22–27%
New Mortgage Rate~7%
Rate Difference15–20% saved on debt

Large Lump-Sum Need

When you need a large amount of capital in one draw — a major renovation, business acquisition, or land purchase — a cash-out refi can provide more than a HELOC in some scenarios.

HELOC Limit$750,000 max
Cash-Out RefiBased on full LTV
Best for large drawsNo revolving limit
Not sure if a cash-out refi or HELOC is right for your situation? The key factor is your existing mortgage rate. If you have a low rate you want to keep — a digital HELOC may be the smarter path. If your rate is already elevated or you want to consolidate — a cash-out refi may make more sense. Book a review and we'll run both scenarios.
Refinance Calculator

Calculate your savings and
available cash-out.

Enter your current loan details and new loan terms to see your monthly savings, break-even point, and maximum cash-out amount.

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Refinance Analysis
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Estimates only. Actual rates, savings, and available cash-out depend on credit, income, property, and lender guidelines. Not a commitment to lend.

Investor? DSCR cash-out may be your best option.

DSCR cash-out refinance programs qualify based on the rental income of the investment property — not your personal income or tax returns. Self-employed investors, foreign nationals, and portfolio builders who can't show sufficient W-2 income often qualify here when conventional programs won't work. Pull equity out of your rental portfolio and deploy it into your next acquisition.

Run My DSCR Cash-Out → Learn About DSCR Loans
FAQ

Common questions,
direct answers.

A cash-out refinance replaces your entire first mortgage with a new, larger loan. You receive the difference in cash at closing. A HELOC leaves your first mortgage in place and adds a second lien. If you have a low rate on your first mortgage that you want to keep, a HELOC is often better. If your current rate is high or you want to consolidate everything into one loan, a cash-out refi may make more sense.
Yes. Both conventional and DSCR cash-out refinance programs are available for investment properties. DSCR programs qualify based on rental income rather than personal income, making them ideal for self-employed investors and those with multiple properties. LTV limits for investment properties are typically lower than primary residences.
The maximum cash-out amount depends on your home value, existing loan balance, and the maximum LTV allowed by the program. Conventional programs typically allow up to 80% LTV for primary residences. Investment properties often cap at 70-75% LTV. Non-QM programs may allow slightly different limits depending on the scenario.
Yes in many cases. Non-QM programs including bank statement and DSCR cash-out programs are available for self-employed borrowers and foreign nationals. Program requirements vary significantly. A scenario review is the best way to determine which options apply to your specific situation.
A conventional cash-out refinance typically takes 3 to 6 weeks from application to closing depending on appraisal scheduling, underwriting volume, and how quickly documentation is provided. Non-QM programs may move faster or slower depending on the lender. The digital application process through MortgageToday allows documents to be uploaded and reviewed quickly.
Know Your Numbers

Start with what
your home is worth.

An accurate home value is the foundation for calculating available equity, maximum cash-out amount, and whether a cash-out refi or HELOC makes more sense. Get an estimate below.

Home value estimates are not appraisals. Cash-out and refinance options depend on credit, income, lender guidelines, property type, and available equity. Not a commitment to lend. MortgageToday LLC NMLS #2727066.

Ready to tap your equity
and deploy it?

Conventional, Non-QM, and DSCR cash-out options reviewed across 40+ wholesale lenders. Start with an application or book a review.

Explore My Options → Book a Scenario Review