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.
About
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?
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
Still have a question?
JLLendingTeam: A collaborative group specializing in providing tailored lending solutions and financial support for clients.
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.
Will my monthly payment increase?
It may, depending on how much cash you take out and your new loan term — but often the lower rate helps offset the increase.
Can I use the cash for anything?
Yes! You can use it for renovations, debt consolidation, education, or any personal financial goal.
Does it reset my loan term?
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.
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.
What Our Client Say About Us
Justin is the most amazing, responsive, and positive guy to work with! Honestly, the best mortgage broker we have ever worked with. Highly recommend him for your needs.
Justin has helped us purchase multiple properties throughout the years. He does such a wonderful job simplifying and explaining all the details in a way that makes sense. Every loan process through him has been very easy. Great guy!
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There are many mortgage advisors out there, but none compare to Justin. His comprehensive knowledge in home financing and investment in real estate is simply unparalleled. Whether you're a first-time home buyer, exploring lending options, or an experienced investor, Justin is the go-to professional in this field.
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