Strategy focus

Cash-out refinance

Turn your home’s equity into usable cash for renovations, investments, or life events.

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Unlock your equity

California home values have risen significantly over the last five years. If you bought before 2022, you may have a substantial reserve of equity sitting unused in your walls.

A cash-out refinance replaces your current mortgage with a new one for a larger amount than you currently owe. The difference is paid out to you at closing.

Smart uses for cash out

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Home improvement

Reinvest in your property — an ADU, a kitchen, a roof — to increase its value further.

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Investment property

Use the cash as a down payment on a rental property or a second home.

school

Tuition & education

Fund college expenses at a lower rate than most private student loans carry.

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Emergency reserves

Build up your savings for business opportunities or simple peace of mind.

The math: personal loan vs. cash out

Personal loan ($50k)

Rate:11.99%
Term:5 years
Monthly payment:$1,112

Cash-out refi ($50k)

Rate:6.50%
Term:30 years
Monthly cost:$316
Monthly difference:$796

Example for illustrative purposes only. The cash-out figure spreads repayment over 30 years, so the lifetime interest can be higher even though the monthly cost is lower. Mortgage interest may be deductible in some circumstances — consult your CPA or tax advisor.

Common questions

How much cash can I take out?
Most cash-out programs let you borrow up to 80% of your home’s appraised value, minus what you still owe. On a $900,000 home with a $400,000 balance, that is roughly $320,000 in accessible equity. Your actual limit depends on the loan program, your credit, and your income.

Is the cash taxable income?
Loan proceeds are generally not treated as income, because the money is borrowed rather than earned. That said, everyone’s tax situation differs — confirm the specifics with your CPA before you plan around it.

Will my rate go up?
Possibly. If your existing mortgage carries a very low rate, a cash-out refinance replaces that rate on the entire balance. In that case a home equity loan or HELOC as a second lien is often the better structure — we compare both before recommending either.

Let us beat your rate

No obligation analysis. No hidden junk fees. If we can’t beat your deal, at least you’ll know you have the best one.

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