You’ll need to shop around to find the best cash-out refinance lender for you. Be sure to not only check with your existing lender, but gather refinance quotes from at least two other lenders. Ask for referrals from family and friends and check lender reviews.
Pay attention to the rate you’re quoted, plus your estimated closing costs. Additionally, think about how long you plan to stay in your home. If you’re moving soon after your refinance, it might not make sense to go through the process of replacing your existing mortgage. Make sure you enter your best offers into our cash-out refinance calculator above to compare offers and pick your best deal.