Lendtrain offers mortgage refinance rates in . Licensed as Lendtrain (NMLS# 1844873). Wholesale rates for conventional and VA loans. No credit check for your quote.

Cash-Out Refinance — Check Your Rate in 30 Seconds

Lendtrain is a licensed mortgage broker (NMLS #1844873) that shows homeowners in 10 states how much cash they may be able to pull from their home's equity with a new first mortgage. Free rate check in about 30 seconds. No application, no credit pull for your quote.

$1B+
In Mortgages Funded
10
States Licensed
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To Your Rate
Free
Free Rate Quote

A cash-out refinance replaces the current mortgage with a larger new first mortgage and returns eligible equity as cash at closing. It can fit larger, planned uses such as renovations or debt consolidation, but it increases the loan balance and resets terms. Compare APR, total costs, LTV limits, and alternatives before applying.

Why Refinance With Lendtrain

See how Lendtrain helps homeowners save on their mortgage refinance.

One Loan, One Payment

A cash-out refinance replaces your existing mortgage with a new, larger loan and gives you the difference in cash at closing. You keep one mortgage payment instead of stacking a HELOC on top of your first lien.

Conventional and VA Options

Conventional cash-out typically caps at 80% loan-to-value (LTV). VA cash-out can go up to 100% LTV for eligible veterans — one of the few programs that allows it. Program rules vary by lender.

Common Uses

Homeowners commonly use cash-out proceeds for debt consolidation, home improvement, college tuition, or building an emergency fund. Because you are adding to your mortgage balance, it is important to run the numbers carefully before you commit.

Licensed Mortgage Broker

Lendtrain (NMLS# 1844873) is a licensed mortgage broker in 10 states: AL, FL, GA, KY, NC, OR, SC, TN, TX, and UT. We shop wholesale lenders on your behalf so you do not have to call around yourself.

How It Works

No paperwork, no waiting on hold. Get a real rate quote, see your estimated closing costs, and find out how much you could save — in four simple steps.

  1. Enter Your Mortgage Details

    Answer a few quick questions about your current mortgage — or upload your mortgage statement and we'll pull your rate, balance, and loan type automatically.

  2. Get Your Rate Quote

    We pull live wholesale rates based on your exact scenario. No guessing — real numbers.

  3. See Your Monthly Savings

    See exactly how much you could lower your monthly mortgage payment, your breakeven timeline on closing costs, and total interest savings over the life of the loan.

  4. Lock Your Rate and Apply

    Ready to lock in your refinance rate? Apply online in minutes — no branch visit required.

Takes about 30 seconds. No credit check for your quote.

Frequently Asked Questions

How much cash can I get from a cash-out refinance?

The amount you can pull out depends on your home value, your current mortgage balance, and the loan program. As a rough example: on a conventional cash-out capped at 80% LTV, a home worth $400,000 with a $200,000 existing mortgage could support a new loan up to $320,000 — roughly $120,000 in gross cash before closing costs. VA cash-out can go up to 100% LTV for eligible veterans. Our free rate check shows you an estimate based on the numbers you enter.

What is the difference between cash-out refinance and HELOC?

A cash-out refinance replaces your existing first mortgage with a new, larger loan at a fixed or adjustable rate. A HELOC (home equity line of credit) is a second lien that sits behind your existing mortgage, typically at a variable rate, and works like a credit card you draw from. Cash-out is one loan and one payment. HELOC is two loans and two payments. The right choice depends on your current mortgage rate, how much you need, and whether you want a fixed payment. We can walk you through both options.

Is cash-out refinance interest tax deductible?

Under current IRS rules, mortgage interest is generally only deductible on cash-out proceeds that are used to "buy, build, or substantially improve" the home securing the loan. Proceeds used for other purposes — debt consolidation, college, vacations — typically are not deductible. Tax rules change and depend on your individual situation. We recommend consulting a tax professional. Lendtrain does not provide tax advice.

Can I use cash-out refinance for debt consolidation?

Yes, many homeowners use cash-out refinance proceeds to pay off higher-rate credit cards, personal loans, or auto loans. The trade-off is that you are converting unsecured debt into debt secured by your home, and you are stretching it out over a longer term. The monthly payment may drop, but total interest paid over the life of the loan can be higher if you are not careful. Run the full math before you commit.

What is the maximum LTV for cash-out refinance?

Maximum loan-to-value varies by program. Conventional cash-out (Fannie Mae / Freddie Mac) typically caps at 80% LTV on a primary residence. VA cash-out can go up to 100% LTV for eligible veterans, which is one of the few programs that allows full equity cash-out. Investment properties and second homes have lower caps. Lender overlays may apply.

Are cash-out refinance rates higher than rate-and-term rates?

Generally, cash-out refinance rates price slightly higher than a no-cash-out (rate-and-term) refinance because agencies price in more risk for cash-out transactions. The exact difference depends on the program, your credit score, LTV, and the market that day. Our free rate check shows you an estimated rate for a cash-out scenario in about 30 seconds.

Is cash-out refinance available in Texas?

Yes, but Texas has specific rules under the state constitution (Section 50(a)(6), commonly called a "Texas home equity" loan) that apply to cash-out refinances on a primary residence. These rules cap total fees, require specific disclosures, and set a 12-day waiting period from application. Lendtrain is licensed in Texas and handles the 50(a)(6) process for eligible borrowers.

How long does a cash-out refinance take?

A typical cash-out refinance takes 30 to 45 days from application to closing, depending on the appraisal, title work, and the lender. After closing there is a 3-business-day right of rescission on primary residences, meaning you actually receive the cash a few days after the closing date.

Do I need a new appraisal for a cash-out refinance?

Yes, in most cases — a cash-out refinance typically requires a full appraisal because your maximum loan amount is based on your home's current appraised value. Some conventional scenarios receive an appraisal waiver, though waivers are less common on cash-out than on rate-and-term refinances. Checking your estimated numbers with Lendtrain does not require an appraisal.

How fast can I see my numbers?

About 30 seconds. You enter your home value, current mortgage balance, and the cash amount you have in mind, and Lendtrain shows you an estimated rate, estimated closing costs, and estimated cash available. No application and no credit check for your quote.

Market facts on this page were last reviewed on . Each statistic is attributed to its source where it appears.

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Rate quotes are estimates based on the credit score you provide. Actual rates may differ based on verified credit, income, and property details.