Trustpilot
4.5 out of 5|13,847 reviews
4.5 out of 5|13,847 reviews4.5 out of 5|13,847 reviews
Use your cash any way you'd likeSee if you can lower your rateCombine your debts into one simple payment
Tap into up to 80% of your home’s market value for the cash you need.
Skip the hassle by applying online and close on your loan quickly.
Choose a term that works best for your schedule—10, 20, or 30 years.
Over 730K clients. 23 years’ experience. One goal: helping you build a brighter future.
See your best loan options with technology that analyzes your finances in real time.
Pick the right loan and term that helps you achieve your unique homeownership goals.
Get approved and funded quickly, so you can enjoy your new financial freedom.
See your best loan options with technology that analyzes your finances in real time.
Pick the right loan and term that helps you achieve your unique homeownership goals.
Get approved and funded quickly, so you can enjoy your new financial freedom.
A cash-out refinance replaces your current mortgage with a new, larger loan based on your home’s equity. The difference between your new loan amount and your existing mortgage balance comes to you as cash, which you can use however you choose. Think of it as starting fresh with your mortgage while putting your equity to work.
You’ll typically need a credit score of 620 or higher, enough home equity (at least 20% remaining after the refinance), steady income, and a debt-to-income ratio that shows you can handle the new payment. A good payment history on your current mortgage also helps your application.
Most AmeriSave cash-out refinances close within 31 days of application. Your timeline depends on things like property appraisal scheduling, document review, and how quickly you provide information. Our digital process helps keep everything moving smoothly.
Yes, like any mortgage, you’ll have closing costs for services such as appraisal, title search, and loan processing. These usually run between 2% and 5% of your loan amount. You can pay these costs upfront or add them to your new loan amount.
