Homeowners use cash-out refinances for more than debt consolidation. In homeowner sentiment surveys, 55% of homeowners name home improvements as a reason to tap equity.
55% of homeowners see home improvements as a reason to tap equity.
An emergency fund drawn from equity gives you a cash cushion for unexpected events.
Each of these five uses turns home equity into a strategic resource, not only extra spending power.
If one fits your plans, see how a cash-out refinance works on your home.
Financial stress often builds gradually: from mounting bills to unpredictable interest costs. For homeowners feeling squeezed, a cash-out refinance can serve as a reset.
Refinancing a jumbo mortgage? Review the credit, reserve, and DTI requirements, plus how small rate drops translate into major savings.
Turn credit cards, personal loans, and medical bills into one lower mortgage payment. See when debt consolidation makes sense, and when it doesn't.
A loan officer can show how much equity you could take out and what the new payment would look like. Pre-qualifying will not affect your credit score.
Pre-qualify