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

Working with John Graeber was an absolute pleasure! From the very beginning, he made the mortgage process smooth, stress-free, and transparent. He took the time to explain every detail, answered all our questions promptly, and provided the best possible loan options tailored to our needs. His professionalism, expertise, and dedication…

Working with John Graeber was an absolute pleasure! From the very beginning, he made the mortgage process smooth, stress-free, and transparent. He took the time to explain every detail, answered all our questions promptly, and provided the best possible loan options tailored to our needs.

His professionalism, expertise, and dedication were truly exceptional. Communication was top-notch, and I always felt informed and supported. I highly recommend him to anyone looking for a trustworthy and efficient mortgage lender. Thank you for making my first home-buying experience seamless and enjoyable!

Celeste B.

Rating: 5 out of 5

Working with John Graeber was an absolute pleasure! From the very beginning, he made the mortgage process smooth, stress-free, and transparent. He took the time to explain every detail, answered all our questions promptly, and provided the best possible loan options tailored to our needs.

His professionalism, expertise, and dedication were truly exceptional. Communication was top-notch, and I always felt informed and supported. I highly recommend him to anyone looking for a trustworthy and efficient mortgage lender. Thank you for making my first home-buying experience seamless and enjoyable!

Celeste B.

Rating: 5 out of 5

Josh is a great lender and awesome to work with!!

Stephanie M.

Lacombe, LA
Rating: 5 out of 5

All I can say is Will was great in helping us getting our nome We will never forget Will thank you Will

Jackie Faye W.

Calera, AL
Rating: 5 out of 5

From the first phone call I made Stinson supplied just the information I requested. And then I appreciate it, as well as I’m sure my clients did, that he came to the closing and was very professional and friendly. I enjoyed him very much as I’m sure my client did also.

Toni K.

Baton Rouge, LA
Rating: 5 out of 5

Ashley was great helped me out alot made the experience alot better than what I was dealing with

Dalton G.

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.