Turn Your Home Equity Into Cash with a Mortgage Refinance
Got home equity? Refinance your home loan. Get cash for renovations, big purchases, and more.
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Put Your Home Equity to Work
Your home has been building equity. A cash-out refinance lets you use it — for renovations, big expenses, or paying down debt*. A real Loan Originator will walk you through your options with real numbers, fast.
Put Your Home Equity to Work
Your home has been building equity. A cash-out refinance lets you use it — for renovations, big expenses, or paying down debt*. A real Loan Originator will walk you through your options with real numbers, fast.
Why Should I Refinance for Cash Out?
Make Home Reno Dreams Real
New floors. That tile backsplash giving you Instagram envy. Your home equity can fund the renovations your home needs—and even the ones it doesn’t.
Cover Big Milestone Costs
From growing your family to taking that bucket list trip, life’s big moments often come with a big price tag. A cash-out refi can help.
Consolidate Your Debt*
Use home equity to pay off credit cards, personal loans, and more. Your budget gets a whole lot simpler with fewer interest rates and payments to juggle.
Make Your Home Equity Work for You
At the end of the day, it's your hard-earned home equity. A cash-out refinance makes it easy to use that equity however you need to.
How Much Cash Can I Borrow?
Step 1
Find Your Home Equity
Find out how much home equity you have. In broad terms, your home equity is how much of your home you own. In dollar terms?
Example:
Say your home costs $400,000, and you owe $100,000. Your home equity is the home value amount, minus what you owe. So, in this case, $300,000.
Step 2
Calculate Your Max Loan Amount
This is how much a lender will allow you to borrow. Lenders calculate this as a percentage using a loan-to-value ratio (LTV).
Example:
Say your lender allows an 80% LTV. If your home value is $400,000, that means you could borrow up to $320,000, 80% of the home’s value.
Step 3
Crunch the Numbers for Your Cash
So, you’ve got your max loan amount of $320,000. You’ve got the remaining balance on your mortgage, $100,000.
Example:
Subtract the amount owed from the maximum loan amount. $320,000 – $100,000 = $220,000. What would you do with $220,000?
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Cardinal Financial Company, Limited Partnership (NMLS ID 66247). Copyright © 2026 Cardinal Financial Company, Limited Partnership. All trademarks and trade names are the property of Cardinal Financial.
*Using your home equity to pay off debts or make other purchases does not eliminate the debt or the cost of the purchases, but rather increases the loan amount of your mortgage to be paid according to your new mortgage terms.
