Cash-Out Refinance

Unlock the value in your home.

Get the money you need to reach your goals.

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Get the cash you need.

Cash-Out Refinance Rates

Our competitive Cash-Out Refinance rates, designed to make the most of your home's equity. We provide clear, up-to-date rate information to help you make an informed refinancing decision.

Turn Your Home Equity into Financial Opportunity

Refinance your mortgage and access the equity you've built up in your home, providing you with extra cash for your needs or goals. Apply today to access the funds you need for your next big step in life.23

  • Access Home Equity

    Convert a portion of your home equity into cash.

  • Flexibility for Your Needs

    Use the cash for home renovations, debt consolidation, education expenses, or other significant investments.

  • Potential Tax Benefits

    Interest on your Cash-Out Refinance may be tax-deductible (consult a tax advisor for details).

  • Potential for Improved Loan Terms

    Opportunity to adjust your mortgage rate or term during the refinancing process.

How Cash Out Refinancing Works

Application

Connect with one of our Mortgage Loan Officers to apply for a Cash-Out Refinance. We will guide you throughout the process.

Assessment

We’ll determine your home's value, and the amount of equity you’ll be able to cash-out.

Approval23

We review your application and provide a decision based on your home's value and your financial situation.

Closing

If approved, we will finalize the refinance at closing so you can receive your cash and use it for your planned needs or projects.

Connect with a Mortgage Loan Officer

  • Expert Guidance

    We can assist you in understanding the Cash-Out Refinancing process and explore your best options.

  • Personalized Solutions

    We'll help you find the refinancing option that best fits your financial goals.

Estimate Your Cash-Out Potential

Use our refinance calculator to estimate the cash you could access and how refinancing can reshape your mortgage and finances.

Frequently asked questions about cash-out refinancing.

Coastal charges a low application fee of $1,250. You receive substantial savings because there are no charges for document prep or credit reports. Additional charges may apply depending on the interest rate and loan program you choose.
On average, the mortgage approval process may take up to 30 days. However, depending on the situation, the process may be shorter or longer.
There are no limits on the amount of cashback that can be received on a standard cash-out refinance transaction, subject to the maximum loan-to-value (LTV), combined-loan-to-value (CLTV), and home-equity-combined-loan-to-value (HCLTV) ratios. For expert advice, please contact one of our Mortgage Loan Officers.
You can use the money from a cash-out refinance for almost anything. However, many homeowners use it to consolidate debt or make home improvements.
A no cash-out refinance transaction is when a refinance transaction the lender only refinances an amount equal to or lower than the remaining loan balance. In a cash-out refinance transaction, a person uses the equity in their home to refinance a higher principal amount. For expert advice, please contact one of our Mortgage Loan Officers.
Please refer to a Certified Public Account (CPA) or other tax professional.
Yes. A refinance replaces your current mortgage with a new one.
You can apply online through the Coastal website, through the Coastal app on your mobile device, in person or by phone with a Mortgage Loan Officer. Terms and conditions apply.