Refinance
Cash-out refinance
Replace the first mortgage and take equity out for any eligible purpose.
- Access equity in one close
- Debt consolidation or investment
- Occupancy overlays apply
Who it is for
Owners who want a single new first mortgage and cash, rather than a separate HELOC.
Cash-out refinance is useful when you want one payment and a larger first lien. If you prefer to keep a low first-mortgage rate, a HELOC or home-equity loan may be cleaner. Palazzo Mortgages prices both.
Questions
- Should I use a HELOC instead?
- A HELOC keeps the first mortgage and adds a second lien. Cash-out replaces the first. We compare payment, rate risk, and closing costs for both.
Related programs
- HELOC
A revolving second lien so you can draw equity as needed without replacing a low first-mortgage rate.
- Rate-and-term
Replace the current mortgage to change the rate, term, or both — without taking substantial cash out.
Ready to structure a file that can actually close?
Tell us the purpose, the property, and how you document income. We will place the request with a program that fits — this is not a loan approval.