Cash-Out Refinance in Nevada

Turn your Nevada home equity into cash. Consolidate debt, fund renovations, or cover major expenses while refinancing your mortgage at competitive rates.

Check Cash-Out Options (702) 696-9900

How Cash-Out Works

1

Check Your Equity: Calculate how much equity you have (home value minus mortgage balance).

2

Refinance for More: Get a new larger mortgage (up to 80% of home value).

3

Receive Cash: The difference between your old and new loan is paid to you in cash.

Example

Home Value:$500,000
Current Mortgage:$300,000
New Mortgage (80%):$400,000
Cash to You:$100,000

Common Uses for Cash-Out

Debt Consolidation

Pay off high-interest credit cards, auto loans, or student loans at a lower mortgage rate.

Home Improvements

Fund kitchen remodels, bathroom upgrades, or add square footage to increase home value.

Education Expenses

Cover college tuition or vocational training costs at lower interest than student loans.

Business Investment

Start or expand a business using your home equity as capital.

Major Purchases

Buy a second home, RV, or make other significant purchases.

Cash-Out Requirements & Considerations

What You'll Need

  • Equity: At least 20% equity remaining after cash-out
  • Credit Score: 620+ (higher scores = better rates)
  • DTI Ratio: 43% or lower with new loan payment
  • Income: Sufficient income to support larger payment

Important Considerations

  • • Cash-out rates may be 0.125-0.25% higher than rate/term refinances
  • • Closing costs typically 2-5% of new loan amount
  • • You'll restart your loan term unless you refinance to a shorter term
  • • Interest may be tax-deductible if used for home improvements (consult tax advisor)
  • • Your monthly payment will increase