Refinance

A cash-out refinance is a type of mortgage refinance where you borrow more than you owe on your current mortgage, and the difference is given to you in cash. This can be a great way to access the equity you've built up in your home, and use it for a variety of purposes.

Cash Out Refinancing

Refinance Mortgage Calculator

Apply for a mortgage

Use that extra cash to:

Pay off or consolidate debt Fund home renovations and repairs Pay for college tuition for yourself or your children Start your own business or invest in the future Additional benefits of a cash-out refinance may include:

Lower interest rates than a personal loan or credit card
No additional monthly payments
Longer repayment terms
No prepayment penalties
The interest on a mortgage may be tax-deductible

Have a PHH loan officer review your available cash options today.

*Note: Any equity cashed out in refinance will increase mortgage balance owed on the loan.

Application approval is subject to complete underwriting review based on program guidelines; not all applicants may qualify. Limitations may apply. This is not a commitment to lend.