Put your equity to work — with lenders competing for it.
A cash-out refinance replaces your mortgage with a larger one and hands you the difference. Lenders in our network quote it straight, so you can compare it against a HELOC or home equity loan.
What a cash-out refinance is
You refinance for more than you currently owe and receive the difference at closing. Common uses: a kitchen or addition, consolidating higher-interest debt, tuition, buying an investment property, or a business need.
How much you can typically take
Lenders generally cap a cash-out refinance at a percentage of the home's appraised value — often around 80% for a primary residence on conventional programs, and less for second homes and rentals. Your maximum cash is that cap minus what you still owe, minus closing costs.
Cash-out refinance vs. HELOC vs. home equity loan
| Option | What it is | Tends to fit when |
|---|---|---|
| Cash-out refinance | One new first mortgage, larger than the old one | Your current rate is not much better than today's, or you want one payment |
| HELOC | A revolving line in second position, draw as needed | You want flexibility and your first-mortgage rate is worth keeping |
| Home equity loan | A fixed lump-sum second mortgage | You want a fixed payment but do not want to touch your first mortgage |
If your current mortgage rate is well below what is available today, replacing it just to pull cash can be expensive — a second lien may make more sense. Lenders in our network offer both; ask them to show the options side by side.
Where Quickie Mortgages fits
Tell us the approximate value, the balance, and how much cash you have in mind. We connect you with licensed lenders in your state who make cash-out loans, and they call with real numbers. You compare; you decide.
Questions people ask
Is cash from a cash-out refinance taxable?
Generally no — loan proceeds are borrowed money, not income. Whether the interest is deductible depends on how the funds are used; ask a tax professional.
How long does a cash-out refinance take?
Commonly three to six weeks from application to funding, depending on the appraisal and how quickly documents come in. Primary-residence refinances also carry a short rescission period after signing before funds are released.
See what lenders will offer you — in about three minutes.
Answer a few questions about the home and your situation. Licensed lenders in our network reach out with real options; you compare and choose. No obligation, and no hard credit pull to get matched.