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Who is a Cash-Out Refinance For?
Debt Consolidation
Pay off debt, such as credit cards, personal loans, tuition, and medical expenses.
Home Improvement
Fund renovations or improvements to your home, such as the kitchen or bathroom.
Invest
Use your home equity to invest in property, a business, or build long-term wealth.
Unlock Your Home's Hidden Value
Financial Goals
Use your home equity to achieve your financial goals.
Competitive Rates
Enjoy competitive interest rates and flexible loans terms.
Lower Payments
Consolidate debt and potentially lower monthly payments.
Benefits of a Cash-Out Refinance
Lower Rates
Benefit from lower rates compared to credit cards.
Fixed Payments
Enjoy fixed monthly payments for predictable budgeting.
Tax Deductions
Possible tax deductions on mortgage interest.
How it Works: Simple 4-Step Process
1. Submit Info
Get a free quote.
2. Speak to Specialist
Discuss your options.
3. Review Options
Choose the best loan.
4. Close & Receive Cash.
Get your cash.
Real Stories, Real Results
FAQ
Most frequent questions and answers
The amount of cash you can get depends on your home’s value and your existing mortgage balance. Refinance amounts are up to 80% of your home’s value.
A cash-out refinance replaces your current mortgage with a new, larger mortgage, allowing you to access the difference in cash.
Typically 2–4 weeks. At Society Mortgage, we move fast—guiding you from application to funding with clear communication every step of the way.
Yes! You can refinance a fixed-rate mortgage into a new loan — even another fixed rate — and access your home equity as cash at the same time.