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Cash-Out Refinance in California

We help California homeowners unlock the power of their home equity with Cash-Out Refinancing. Whether you want to pay off debt, fund home improvements, or cover major expenses, a cash-out refinance allows you to refinance your mortgage and take cash out — all in one simple loan.
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What Is a Cash-Out Refinance?

A Cash-Out Refinance replaces your existing mortgage with a new, larger loan — giving you the difference in cash. Instead of getting a separate personal or home equity loan, you’re using your home’s built-up equity to access funds at a lower interest rate.
It’s one of the smartest ways to consolidate high-interest debt, finance renovations, or boost financial flexibility while keeping your mortgage terms manageable.
Eligibility Criteria

Who Can Qualify for a Cash-Out Refinance in California?

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Home Equity

You must have built up at least 20% equity in your home.

Credit Score

Minimum 620+ (higher scores often qualify for better rates).

Debt-to-Income Ratio (DTI)

Preferably below 50%.

Stable Income

Verified and consistent for at least two years.

Property Type

Works for primary, secondary, or investment homes.

Benefits

Benefits of a Cash-Out Refinance

Access Your Home Equity

Turn equity into cash for major expenses.

Lower Interest Rate

Refinance at today’s lower mortgage rates.

Debt Consolidation

Pay off high-interest credit cards or loans.

Home Improvements

Upgrade your home’s value and comfort.

Education & Investments

Use funds for tuition or new opportunities.

Tax Advantages

In some cases, interest may be tax-deductible (consult your tax advisor).

Types

Types of Cash-Out Refinance Loans

Conventional Cash-Out Refinance

  • Best For: Homeowners with strong credit
  • Highlights: Competitive rates, flexible loan terms

FHA Cash-Out Refinance

  • Best For: Homeowners with limited credit 
  • Highlights: Easier qualification, up to 80% LTV

VA Cash-Out Refinance

  • Best For: Eligible veterans and service members
  • Highlights: Up to 100% of home value, no PMI

Jumbo Cash-Out Refinance

  • Best For: High-value California homes
  • Highlights: Large loan amounts with flexible options
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Frequently
Asked Questions

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JLLendingTeam: A collaborative group specializing in providing tailored lending solutions and financial support for clients.
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How much cash can I take out?
You can typically borrow up to 80% of your home’s appraised value, minus what you owe on your mortgage.
It may, depending on how much cash you take out and your new loan term — but often the lower rate helps offset the increase.
Yes! You can use it for renovations, debt consolidation, education, or any personal financial goal.
Yes, your new mortgage will start a fresh term (often 15 or 30 years), but with improved terms and flexibility.

Still have a question?

JLLendingTeam: A collaborative group specializing in providing tailored lending solutions and financial support for clients.
Send Email
JL Lending Team

Why Choose Us for Cash-Out Refinancing?

Local Experts

Serving California’s veterans with deep knowledge of the state’s housing market.

Fast, Tech-Enabled Process

Apply, upload documents, and track your loan online.

Personalized Guidance

We’re not tied to one lender — we find the best loan for you.

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Ready to Refinance and Cash Out Your Home Equity?

Your home equity can work for you. Let JL Lending Team help you access the funds you need with a Cash-Out Refinance that fits your financial goals.
Start today and see how much cash you can unlock from your home.

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