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Cash Out Refinancing

Simply put, cash-out refinancing is a way to replace your current mortgage with a new loan that:

  • Pays off the balance of your existing mortgage.
  • Uses the equity you have built on your home for additional cash to spend on other purchases.


  • Debt Consolidation: Use the extra cash to pay off debt from a high-interest credit card or student loans.
  • Home Improvements: Make your home more appealing to future buyers by adding value.
  • Cash in the Bank: Emergency funds give you stability and peace of mind.
  • Tax Deductions*: If you’re using the money from a cash-out refinance to buy, build, or considerably improve your home, a mortgage interest deduction may be available.

*Supreme Lending is not a licensed CPA or Tax consultant and therefore, cannot determine if your mortgage interest will be eligible as a tax deduction per IRS code. You are advised to contact a tax professional. This in no way implies you are guaranteed a tax credit.

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NOT A GUARANTEE, OFFER OR AGREEMENT. EVERETT FINANCIAL, INC. D/B/A SUPREME LENDING NMLS ID #2129 ( 14801 Quorum Dr., #300, Dallas, TX 75254. 877-350-5225. © 2017. Information, rates, & programs are subject to change without prior notice. Subject to credit & property approval. Not affiliated with any government agency. Intended for Texas Consumers Only. Texas- SML Mortgage Banker Registration Residential Mortgage Loan Originator.