Cash-Out Refinance

What is a Cash Out Refinance?

A Cash-Out Refinance is when you use your home’s equity to refinance for more than the outstanding balance owed on your current mortgage. Then, after paying off your original mortgage, the amount left over is used to payoff your other debt or for other needs (e.g. remodel, tuition, your business, etc.)

Cash Out Refinance Features

A cash-out refinance is a new first mortgage, not a second lien loan such as a Home Equity loan or HELOC
In general, the more home equity you have, the more money your cashout refinance may provide
Use the extra cash as you need–consolidate debt, remodel, tuition, even buy a second home

Note: By refinancing your existing loan, your total finance charges may be higher over the life of the loan

Mortgage Refinance Resources

Calculator – What will my refinancing costs be?
Calculator – Am I better off refinancing?
Refinance Process
Mortgage Refinance Educational Articles (independent 3rd party)

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Stacey was was so easy to work with. She kept me informed of the progress of my loan and next steps.

Anastasia B. Gonzales – August 15, 2026

Daren made the process feel simple and humane… worked around my schedule and cater to my needs rather than being a pushy robot like others.

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Clear and easy process. Clients were informed every step of the way, and there were no hang ups because every potential speed bump was preemptively handled.

Cam P. Baton Rouge – August 14, 2026

I worked with Crystal on a traditional mortgage loan. She was great, always easy to reach, quick to respond, and made the process simple. I have reached out several more times and even when she doesn’t have exactly what I need she is always willing to answer my questions and help.

Stacy W. August 10, 2026

A wonderful experience overall!! The Boudreaux-Vick Team is wonderful

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