Cash-Out Refinance

A cash-out refinance lets you tap into your home's equity by refinancing for more than you owe and pocketing the difference. This strategy is ideal for funding major home renovations that increase property value, paying off credit cards or lines of credit with double-digit interest rates, or investing in a second property or business venture.

In Canada, you can access up to 80% of your home's appraised value minus your existing mortgage balance. Because mortgage rates are significantly lower than most consumer debts, consolidating through a cash-out refinance can drastically reduce monthly payments and interest costs.

We help structure the right loan-to-value ratio, compare lender options, and ensure you're leveraging equity wisely to build wealth, not just cover short-term expenses. Home equity represents your financial stake in one of your largest assets. Rather than letting it sit idle, strategic cash-out refinancing puts that equity to work for your financial goals.

Common uses include kitchen and bathroom renovations that boost home value, consolidating credit card debts with 19-29% interest into a single low-rate payment, funding investment property down payments, or covering major life expenses like education or medical costs. The key is using the funds strategically—for purposes that either increase your net worth or eliminate expensive debts.

Our team analyzes your total debt picture, property value, and financial objectives to determine if cash-out refinancing makes sense. We calculate potential savings, review lender offers, and structure the refinance to optimize your financial position while maintaining comfortable payment levels.