Cash-Out Refinancing
Cash-out refinancing is a mortgage refinancing strategy that allows homeowners to replace their existing mortgage with a new one, typically for a larger amount.
Refinance types, recasts, cash-out refinancing, and program-specific refinancing routes.
Refinance Types and Programs covers refinance programs, mortgage relief, affordability programs, and refinancing terms that can change an existing mortgage obligation.
Use these pages when replacing, modifying, or supporting an existing loan changes borrower cost, maturity, payment risk, or eligibility. It sits inside Refinance Programs, so readers can move up when the broader property-finance context matters.
Use the table below to choose the narrower mortgage or real-estate finance branch before applying a term to a loan file, closing record, servicing review, investor report, appraisal, or valuation model. Move into the term page when the document, calculation, party role, lien position, or property cash flow matters.
| Area | Use it for |
|---|---|
| Cash-Out Refinancing | Cash-out refinancing is a mortgage refinancing strategy that allows homeowners to replace their existing mortgage with a new one, typically for a larger amount. |
| Home Affordable Refinance Program (HARP) | Former U.S. refinance program that let many underwater borrowers replace existing mortgages even when home values had fallen below loan balances. |
| Mortgage Recast | Loan adjustment where a borrower pays down principal and the lender recalculates remaining payments without replacing the mortgage. |
| Rate-and-Term Refinance | Refinance that changes interest rate, maturity, or payment structure without primarily extracting cash from home equity. |
| REFI | REFI refers to mortgage loans originating from the refinancing of existing debt. |
| Refinance | Refinancing is the process by which a business or individual revises the interest rate, payment schedule, and other terms of a previous credit agreement. |
| USDA Streamlined Refinancing | USDA streamlined refinancing is a mortgage-refinancing option specifically designed for homeowners who originally financed their home purchase with a USDA loan. |
Refinance-program content is educational and does not provide refinancing, lending, legal, tax, credit, or housing-program advice.
Choose a subsection first. Deeper term pages live inside each subsection, which keeps large topic hubs readable.
Cash-out refinancing is a mortgage refinancing strategy that allows homeowners to replace their existing mortgage with a new one, typically for a larger amount.
Former U.S. refinance program that let many underwater borrowers replace existing mortgages even when home values had fallen below loan balances.
Mortgage Recast is a mortgage or real estate finance concept used in property financing, underwriting, valuation, or ownership analysis.
Rate-and-Term Refinance is a mortgage or real estate finance concept used in property financing, underwriting, valuation, or ownership analysis.
REFI refers to mortgage loans originating from the refinancing of existing debt.
Refinancing is the process by which a business or individual revises the interest rate, payment schedule, and other terms of a previous credit agreement.
USDA streamlined refinancing is a mortgage-refinancing option specifically designed for homeowners who originally financed their home purchase with a USDA loan.