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Cash Out Refinance

It's Your Money. Take it Back.

If you have equity in your home, put it to good use. Our cash out refinance loan helps you take advantage of your home’s financial power and delivers the excess cash to your pocket. Use it on home repairs, debt consolidation, or that sports car you’ve had your eye on.  Vroom, vroom, home owner. 
 
 
 

Your Money. Your Way

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30 year cash out

A 30 year option can help you get cash back for projects or paying off debt while keeping your monthly payment low.

 

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20 year cash out

Tap into your equity with a 20 year cash out refinance loan - a happy medium between the longer 30 year term and the 15 year option.

 

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15 year cash out

Choose a 15 year cash out if you're looking to pay off the loan in a shorter amount of time and you can handle the monthly payment.

 

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Cash Out Everything

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Get Cash Back

Unlock your money to use on debt consolidation or emergencies

 

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Flexible Options

Choose from many loan terms tailored to meet your needs

 

 

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Upgrade your Home 

Use excess cash to work on home improvement projects

Donny Kirby

How We Roll

Refinance Your Goals

We've made the refinance experience painless with super fast technology and expert guidance along the way. It's home lending, the modern way.

1. Digital Application

Refinancing starts with completing a fast and digital mortgage application. This will help determine the best refinance option to achieve your goals. 

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2. Lock Your Loan

Select the program that best suits you and lock in your rate. Your loan portal will be created where you can begin updating all the necessary documents and information. 

 

 

3. Digital Updates

Get notifications online or on the go. We'll keep you updated throughout your refinance, keeping you on track and on pace to get your cash or lower your rate. 

 

4. Virtual Closing

A modern mortgage doesn't close at the attorney's office. Close when and how you want with our virtual closing, saving you valuable time and money.

Get Started

1. Digital Application

Refinancing starts with completing a fast and digital mortgage application. This will help determine the best refinance option to achieve your goals. 

 Get Started

2. Lock Your Loan

Select the program that best suits you and lock in your rate. Your loan portal will be created where you can begin updating all the necessary documents and information. 

 

 

3. Digital Updates

Get notifications online or on the go. We'll keep you updated throughout your refinance, keeping you on track and on pace to get your cash or lower your rate. 

 

4. Virtual Closing

A modern mortgage doesn't close at the attorney's office. Close when and how you want with our virtual closing, saving you valuable time and money.

Get Started

If you’re in the refinance season of homeownership and want to take advantage of your home’s equity for emergencies, home renovations or college tuition payments, Wyndham Capital Mortgage’s cash-out refinance may be your golden ticket.


What Is a Cash-Out Refinance?

A cash-out refinance allows homeowners to refinance their home (paying off their original mortgage loan) and collect their home’s equity in the form of cold, hard cash. Often, borrowers choose cash-out refinancing to consolidate debts, pay for their child’s college tuition, buy a new car, or finally make those costly home improvements.


Cash-Out Refinance Rates & Terms

Cash-out refinancing helps borrowers get into a new mortgage loan with a better interest rate or lower term depending on their near or long-term future financial goals. For instance, a 30-year term cash-out refinance puts cash in your hand while keeping your monthly mortgage payment low. A 20-year term cash-out refinance is the happy medium option, still putting money in your pocket while offering a shorter loan term than a 30-year term. For aggressive borrowers or those looking to crack down on their retirement plan, 15-year term cash-out refinance means you’ll be paying the loan off in half the time of a 30-year mortgage loan and at a higher monthly payment amount while pocketing your home’s equity.

Cash-out refinance rates vary based on the type of refinance term you choose. Traditionally, 30-year mortgage and refinance rates will have a higher interest rate than 20 and 15-year term options. Refinance rates will also depend on the borrowers’ financials like credit score and income. Speak with a Wyndham Capital Mortgage expert loan officer to discuss refinancing options and see if a cash-out refinance is right for you.