A Cash-Out Refinance is a refinancing of an existing mortgage loan where the new loan is larger than the existing loan. The difference between the loans is paid out to the homeowner in cash. Cash out refinance loans do require homeowners to pay closing costs and interest.

Typical Documents needed for a Cash-Out Refinance:

  • Loan Application
  • Borrower Authorization
  • Bank Statements
  • Picture ID
  • Loan Submission Form
  • Home Owners Insurance
  • Certificate of Business Purpose
  • Mortgage Statement for Payoff Information

If Property is Leased/Rented:

  • Lease agreement

If Corporation:

  • Articles of Incorporation
  • Bylaws
  • Statement of Information
  • Form W9

If LLC:

  • Articles of Organization
  • Statement of Information
  • Form W9

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