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Get the cash you need
Your home’s equity is a valuable financial resource. A cash-out refinance can help you access the money you need with a competitive interest rate and flexible terms. You can use the funds for home improvements, debt consolidation, major expenses, or any other financial needs.
Use your cash how you want
Transform your equity into opportunities. Use the funds for debt consolidation, home renovations, education expenses, or any other purpose you choose. Some financing options limit how you spend the money, but a cash-out refinance gives you control over your financial decisions.
Potential to lower your interest rate
A cash-out refinance could help you secure a more favorable rate than your current mortgage. This might mean lower monthly payments and substantial savings over the life of your loan, making it a smart financial choice when market conditions align.
Consolidate your debt
Convert high-interest debt into a more manageable monthly payment. Using your cash-out refinance to pay off credit cards or personal loans could reduce your overall interest costs and simplify your finances with a single monthly payment.
AmeriSave makes cash-out refinancing easy
With over 23 years of trusted experience, AmeriSave has helped homeowners make the most of their home’s equity. Our digital process and competitive rates make accessing your home’s equity clear and affordable. We focus on finding the right solution for your situation, with zero hidden fees.
Access up to 80% of your home’s value
Use up to 80% of your home’s current market value, giving you the financial flexibility you need for your goals.
Get approved in minutes
Skip the lengthy paperwork and waiting. Our online application process delivers quick credit decisions, typically in minutes. Once approved, most loans close within 31 days.
Flexible repayment terms
Pick the payment schedule that fits your budget with 20- or 30-year terms. Our options help you find the right balance between monthly payments and total cost.
Competitive interest rates
Find a rate that works for your financial situation. Our technology helps identify your best rate options, with both fixed- and adjustable-rate options available.
How our cash-out refinance works
1 Calculate your home equity
Find out how much equity you can access by subtracting your current mortgage balance from your home’s estimated market value. With AmeriSave, you can typically borrow up to 80% of your home’s value, minus your existing mortgage balance. Use our Cash-Out Refinance Calculator to see how much cash you can unlock or talk with a mortgage expert to understand your options.
2 Start your application
Begin with our simple online application. Have your basic information ready, including your Social Security number, current mortgage details, and employment information. Our technology provides a credit decision in minutes, so you’ll know where you stand right away.
3 Home appraisal
A licensed appraiser will determine your home’s current market value, which helps establish your borrowing amount. Some properties may qualify for our streamlined automated valuation process, which could save you time and money.
4 Provide documentation to finalize your application
After your initial approval, we’ll need a few additional documents to complete your application. This usually includes recent pay stubs, tax returns, bank statements, and information about your current mortgage. Our digital portal makes it easy to securely upload documents. You’ll then receive a detailed loan estimate showing your terms, closing costs, and cash-out amount.
5 Close on your cash-out refinance
Look over and sign your final loan documents. You can pay closing costs upfront or include them in your new loan amount. We’ll take care of paying off your existing mortgage and setting up your new loan. After three business days, you’ll have access to your funds.
6 Prepare to make payments
Your new loan includes updated terms and a new payment schedule. Whether you choose a 20- or 30-year term, you’ll know exactly what to expect for your monthly payments. Many homeowners find their new payment structure works better for their budget, especially with a competitive rate.
Frequently Asked Questions
Ready to access the cash in your home?
Turn your home’s value into opportunity. Our mortgage expert are here to help you explore your options and find a solution that fits your financial goals.