Get Cash with Cash-Out Refinance and
Home Equity Loans

• Call 1-800-224-7116
• Or Get Started Online Apply now

1 Overview

If you need to get cash, the available equity in your home is a good option to consider. The amount of cash you can draw from depends primarily on your available home equity. However, there are no limits on how you can use the cash once you qualify.

If you have equity available in your home, there are several types of loan options to help you get cash.

• Cash Out Refinance Loan
• Home Equity Loan
• Home Equity Line of Credit (HELOC)

2 Get Cash with a Cash-Out Refinance Loan

The concept of a cash out refinance loan is simple: you refinance your existing mortgage for more than you currently owe (up to the amount of your home's current value), and get cash back for the difference. You can then use that cash to consolidate other debt or for anything else you choose - for home improvement, a new vehicle or vacation, even medical or education expenses.

Reasons to Choose Cash-Out Refinance Loans:

• You want to get cash from your home equity
• You want to lower monthly payments
• You want a fixed rate mortgage instead of adjustable
• You want an adjustable rate mortgage for short-term savings

Learn how you can get cash with a Cash Out Refinance

3 Get Cash with Home Equity Loans (Second Mortgages)

A home equity loan is a second mortgage on your home, using the equity in your house as collateral. The amount of the loan depends on the available equity in your house. If you need to get cash from the available equity in your home, a second mortgage is a good option to consider.

Reasons to choose home equity loans:

• You want to access home equity funds to get cash but don't want to refinance the entire mortgage
• You want to get cash all at once in one lump sum
• You want a fixed rate loan, with payments and interest that don't change

Learn how you can get cash with a Home Equity Loan.

4 Get Cash with a Home Equity Line of Credit (HELOC)

A HELOC is another type of home equity loan allowing homeowners to get cash using the available equity in their home. A home equity line of credit works similar to a credit card but usually offers lower interest rates. With a HELOC, you borrow money as you need it, up to a specified credit limit.

Reasons to choose HELOCs:

• You want to get cash from your home equity, but don't know how much you need
• You want a revolving line of credit, so you can borrow only what you need
• You pay interest when you use the money, unlike a home equity loan where interest starts being added right away

Learn how you can get cash with a HELOC

Equal Housing Lender. © 2008 Countrywide Bank, FSB, Countrywide Home Loans Division. Member FDIC. Trade/service marks are the property of Countrywide Financial Corporation, Countrywide Bank, FSB, or their respective affiliates and/or subsidiaries. Some products may not be available in all states. This is not a commitment to lend. Restrictions apply. All rights reserved.

This website may contain links to web sites that are not part of the Countrywide Bank, FSB. Such web sites are not under our control and we are not responsible for the content in those third-party sites or any link contained in such a site. Countrywide Bank, FSB does not endorse companies or products that advertise or appear on, or link to, this Site. If you choose to access a third party web site via a link contained on this Site, you do so at your own risk.

Legal Disclaimer: The Cyberhomes™ property valuation results from the use of some and/or all of the following: automated valuation technology, statistical modeling, public records data (as available from time to time) and human logic combined to provide a rational estimate of the possible selling price of a residential property. This valuation is and does not constitute an appraisal. This valuation contains no representations or warranties regarding a property's marketability, functional or economic obsolescence, environmental damage, compliance with existing building and safety codes and regulations, or flood insurance determination. This valuation does not warrant the accuracy or completeness of any public record information or data sources used to help determine this valuation.

THE VALUATIONS ARE PROVIDED "AS IS" AND COUNTRYWIDE FINANCIAL CORPORATION AND/OR ITS AFFILIATES (COLLECTIVELY 'COUNTRYWIDE') MAKE NO REPRESENTATION OR WARRANTY OF ANY KIND, EXPRESS OR IMPLIED, WITH RESPECT TO THEIR ACCURACY, COMPLETENESS, OR CURRENTNESS, INCLUDING WITHOUT LIMITATION THE IMPLIED WARRANTIES OF MERCHANTABILITY AND FITNESS FOR A PARTICULAR PURPOSE OR NON-INFRINGEMENT.

This property valuation tool is provided by Fidelity National Financial, Inc. Fidelity National Financial is not affiliated with Countrywide Financial Corporation ('Countrywide') or any of its affiliates. Countrywide makes no guarantees or warranties regarding this property valuation tool and is not responsible for the accuracy of any of the data provided. In processing applications for and making decisions regarding home loan financing, Countrywide determines the value of a property using data and valuation tools that Countywide considers appropriate for its underwriting criteria and internal decision making (collectively referred to as 'processes') and such processes may reach a different valuation than that provided by using this tool. Countrywide is not bound by or in any way obligated to accept, use or refer to the valuation and data provided by this tool in conjunction with any loan application or request for home financing.