Home Cash Out Refinances
Turn Your Equity Into Cash
Lower Interest Rates
Access Large Sums
Consolidate Debt
Top Cash Out Refinance Lender for Home Owners
Mutual of Omaha Mortgage
Top Rated Mortgage Lender
Cash Out / Rate & Term Refinance Options
Competitive Interest Rates in 48 States
Free Consultation & Quick Closings
Lightning Fast Digital Application
Pre-Approvals Without A Hard Credit Pull
Discover If You Qualify for A Cash Out Refinance
Instant Qualification Check
Find out in minutes if you meet the criteria for a refinance.
No obligation and no impact on your credit score.
Get personalized results tailored to your financial situation.
How does a cash-out refinance work?
A cash-out refinance replaces your current mortgage with a new, larger loan. The difference between your new loan amount and your current mortgage balance is paid to you in cash. For example, if your home is worth $400,000 and your current mortgage balance is $200,000, you could potentially refinance for up to $320,000 (80% of your home's value) and receive approximately $120,000 in cash.
How much equity can I access?
Most lenders allow you to borrow up to 80% of your home's value in a cash-out refinance. Some programs may allow up to 90% for well-qualified borrowers. The cash you can receive equals the difference between this amount and your current mortgage balance, minus closing costs.
What credit score do I need?
For the most competitive rates, a credit score of 720 or higher is recommended. However, we have programs available for scores as low as 620, with adjusted terms. The higher your credit score, the better interest rate you're likely to receive.
How long does the process take?
A typical cash-out refinance takes 30-45 days from application to closing. Some straightforward cases may close faster, while more complex situations might take longer. We'll provide you with a clear timeline during your initial consultation.
Will my payment increase?
Your monthly payment may change based on several factors: your new loan amount, interest rate, and term length. If you're borrowing significantly more or if rates have increased since your original mortgage, your payment might rise. However, many borrowers actually see their payments decrease if they're able to secure a lower interest rate.
Ready to Put Your Home Equity to Work?
Check your eligibility today and know exactly how much cash you can access from your home's equity.
Mutual of Omaha Mortgage, Inc., NMLS ID 1025894. 3131 Camino Del Rio N 1100, San Diego, CA 92108. AL Consumer Credit License 22123; AK Broker/Lender License AK1025894. AZ Mortgage Banker License 0926603; AR Combination Mortgage Banker/Broker/Servicer License 109250; Licensed by the Department of Financial Protection & Innovation under the CA Residential Mortgage Lending Act, License 4131356; CO Mortgage Registration 1025894; CT Mortgage Lender License ML-1025894; DE Lender License 028515; DC Mortgage Dual Authority License MLB1025894; FL Mortgage Lender Servicer License MLD1827; GA Mortgage Lender License/Registration 46648; HI Mortgage Loan Originator Company License HI-1025894; ID Mortgage Broker/Lender License MBL-2081025894; IL Residential Mortgage Licensee MB.6761115; IN-DFI Mortgage Lending License 43321; IA Mortgage Banker License 2019-0119; KS Mortgage Company License MC.0025612; KY Mortgage Company License MC707287; LA Residential Mortgage Lending License 1025894; ME Supervised Lender License 1025894; MD Mortgage Lender License 21678; MA Mortgage Broker and Lender License MC1025894; MI 1st Mortgage Broker/Lender/Servicer Registrant FR0022702; MN Residential Mortgage Originator Exemption MN-OX-1025894; MS Mortgage Lender 1025894; MO Mortgage Company License 21-2472; MT Mortgage Broker and Lender License 1025894; NE Mortgage Banker License 1025894; NV Exempt Company Registration 4830. Licensed by the NH Banking Department, Mortgage Banker License 19926-MB; Licensed by the NJ Banking and Insurance Department. NJ Residential Mortgage Lender License 1025894; NM Mortgage Loan Company License 1025894; NC Mortgage Lender License L-186305; ND Money Broker License MB103387; OH Residential Mortgage Lending Act Certificate of Registration RM.804535.000; OK Mortgage Lender License ML012498; OR Mortgage Lending License ML- 5208; PA Mortgage Lender License 72932; RI Lender License 20163229LL. RI Loan Broker License 20163230LB; SC BFI Mortgage Lender/Servicer License MLS-1025894; SD Mortgage Lender License ML.05253; TN Mortgage License 190182; TX Mortgage Banker Registration 1025894; UT Mortgage Entity License 8928021; VT Lender License 6891; VA Mortgage Broker and Lender License, NMLS ID #1025894 (www.nmlsconsumeraccess.org); WA Consumer Loan Company License CL-1025894; WV Mortgage Lender License ML-1025894; WI Mortgage Banker License 1025894BA; WY Mortgage Lender/Broker License 3488. Toll Free #: (877) 978-1922. Subject to Credit Approval. For licensing information, go to: www.nmlsconsumeraccess.org
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