Cash-Out Refinance
Replace your mortgage and pull cash out
Replace your existing mortgage with a new, larger one and take the difference in cash — a single, lower-cost loan to fund what's next.
At a glance
Illustrative terms via licensed lending partners*
- Structure
- New first mortgage, cash at closing
- Max LTV
- Typically up to 80%
- Term
- 15 or 30 years
- Rate type
- Fixed or adjustable
- Prequalify
- Soft credit pull — no score impact
- Use of funds
- Unrestricted — business or personal
How it works
A cash-out refinance replaces your current mortgage with a new loan for more than you owe, and you receive the difference in cash. It rolls your existing balance and your new capital into one payment — often at a lower blended rate than carrying expensive business debt separately.
It's a strong fit when you want a lump sum rather than a revolving line, or when today's rates let you improve your mortgage terms while unlocking capital for the business.
Why business owners choose this
One simple payment
Combine your mortgage and your new capital into a single monthly payment.
Lump-sum capital
Receive your cash at closing — ideal for a defined project or buyout.
Potentially better terms
If rates have moved in your favor, you may improve your mortgage while pulling cash.
Secured, lower-cost
Priced as mortgage debt — dramatically cheaper than short-term business financing.
Is this right for you?
This option tends to be a strong fit when you're:
- Owners who want a lump sum rather than a revolving line
- Funding a large one-time purchase, buyout, or project
- Consolidating mortgage + high-interest debt into one payment
- Improving mortgage terms while unlocking capital
Common questions
What is a cash-out refinance?
It replaces your existing mortgage with a new, larger loan and pays you the difference in cash. You end up with one mortgage payment and a lump sum of capital.
How is it different from a HELOC?
A cash-out refinance gives you a lump sum and replaces your mortgage; a HELOC is a separate revolving line you draw from as needed. Many owners choose cash-out for a defined, one-time need.
How much cash can I take out?
Generally up to 80% of your home's value minus closing costs and any existing liens. Prequalify to see your figure.
Can I use the cash for my business?
Yes — funds are typically unrestricted and can be used for working capital, expansion, equipment, or to retire expensive debt.
Will checking affect my credit?
Prequalifying is a soft inquiry with no score impact. A hard pull only occurs later, with your consent.
Related solutions
Home Equity Line of Credit
Turn your home equity into business capital
Tap the equity you've already built — far cheaper than a merchant cash advance.
Learn moreDSCR Investment Property Loans
Buy or refinance a rental on its cash flow
Qualify on the property's income — no personal income docs.
Learn moreBridge Loans
Move fast between deals
Short-term capital to close now and refinance later.
Learn more*Terms shown are illustrative and provided through AltFi's licensed lending partners. Actual rates, amounts, and terms depend on your credit, equity, property, and the product selected, and are subject to underwriting and approval. AltFi Real Estate is not a lender and does not make credit decisions. This is not a commitment to lend. Equal Housing Opportunity.
See what your equity could do for your business.
Check your options in minutes — a soft-credit prequalification with no impact to your score, and no obligation.