Cash-Out Refinance

couple meeting with mortgage lender

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

Let’s Talk

Contact a GMFS Mortgage Loan Officer today!

Get Started
Rating: 5 out of 5

Darren made the loan process very easy and I highly recommend him to anyone out there looking to purchase a home

Clayton B. Saint Gabriel – October 16, 2026
Rating: 5 out of 5

Stinson made this process very quick and easy. Will recommend him to anyone with this need.

Brenda G. Denham Springs – October 17, 2026
Rating: 5 out of 5

Brad helped me to buy my first home! He was patient, responsive, skilled, and kept his word. Through a process that can be daunting and feel like everyone is trying to take from you, I felt like Brad was willing to GIVE as well! I couldn’t recommend working with him more.

Alyson G. Baton Rouge – October 16, 2026
Rating: 5 out of 5

Even though the process was very stressful and difficult at times, Crystal was always there helping me along the way. She was available to walk me through things and was always a phone call away when I had questions. I could not have made it through this without her. Highly recommend!!!

Joey D. Carencro – October 9, 2026
Rating: 5 out of 5

Pleasure doing business with John

Jeffrey P. Oxford – October 14, 2026

What Sets Us Apart

A Lender Who Cares

With GMFS Mortgage, you’re not just getting a loan—you’re getting a team that’s all in, every step of the way.

Apply Now

Established

Since 1999, we’ve helped over 150,000 people across 23 states become homeowners.

Efficient

Everything from processing to closing happens under one roof. That means fewer hiccups…and more high-fives.

Trusted

A+ BBB rating. Torch Award for Marketplace Trust. A reputation built on doing the right thing.

Experienced

Our team averages 14+ years in the industry—and a lifetime of showing up for our clients.