Cash-out, home equity loan

Turn Your Home's Value Into Opportunity

Your home is more than a place to live, it’s a source of financial power. With a cash-out or home equity loan, you can tap into your home’s built-up value to fund what matters most: renovations, debt consolidation, tuition, or a new beginning.

What Is a Cash-Out or Home Equity Loan?

A cash-out refinance or home equity loan lets you use the equity you’ve built in your home as cash. You replace your existing mortgage with a new one for a higher amount and keep the difference.

A Home Equity Line of Credit (HELOC) gives you flexible access to funds when you need them. Whether you want a lump sum or ongoing access, we’ll help you find the right fit.

how it works

Step 1

Set Your Goal

Decide if you want to consolidate debt, remodel, or invest in something new.
Step 2

Apply Online

Start with a quick and secure application.
Step 3

Verify Home Value

We’ll confirm your home’s equity to calculate what’s available.
Step 4

Compare Options

Review rates and terms side by side with expert guidance.
Step 5

Close and Get Cash

Funds are usually available soon after closing.
Start My Application

Who Qualifies?

You may qualify if you:

  • Have at least 20% equity in your home
  • Meet credit and income guidelines
  • Use the property as your primary or secondary residence
  • Have a solid payment history

We’ll review your equity and walk you through your best options.

Check Eligibility
How Eligibility Is Confirmed
  • Eligibility is confirmed through a review of your home equity, credit, and income.
  • Lenders verify that you have at least 20% equity, a solid payment history, and stable income to support the new loan.
  • An appraisal confirms your home’s current market value to determine how much cash you can access.

GET A SAME DAY APPROVAL

Waiting days to hear back isn’t our style. With New Era, you’ll know exactly what you can afford in under half an hour.
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Types of Cash-Out & Home Equity Loans

Pick your path and we’ll guide you every step of the way
See If You Qualify
HELOC
A flexible credit line you can draw from as needed.
Conventional Cash-Out
Replace your current loan and take out cash.
FHA Cash-Out
Great for homeowners with lower credit or smaller equity.
VA Cash-Out (Up to 100% LTV)
Veterans can access up to their home’s full value.

Why Homeowners Choose Cash-Out Options

When life calls for extra cash, your home can help you meet the moment.

  • Quick Access to Cash: Unlock your home’s equity fast.
  • Flexible Use: Pay off debt, renovate, or fund major goals.
  • Lower Rates: Often lower than credit cards or personal loans.
  • Potential Tax Benefits: Interest may be tax deductible.
  • Build Stability: Reinvest in your home or financial future.
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Tools & Education

Homeowner Tools

Homeowner Stories

Hear How We Are Changing Lives from Our Clients Themselves
“We used a cash-out refinance to pay off credit cards and finally get ahead. The process was fast and clear.”
Chris & Danielle L.
“Our HELOC made it easy to remodel without dipping into savings.”
Brandon & Elise P.
“We tapped into our home equity to fund our daughter’s college tuition. It gave us flexibility when we needed it most.”
The Nguyen Family

Faqs

What’s the difference between a cash-out refinance and a HELOC?
A cash-out refinance gives you a lump sum. A HELOC lets you borrow as needed over time.
How much equity do I need?
Usually at least 20%, though FHA and VA loans may allow more flexibility.
Can I use the funds for anything?
Yes. Most people use them for renovations, debt payoff, or major expenses.
Will my mortgage payment change?
It might, depending on your new loan amount and rate. We’ll show you exactly how before you commit.

Ready to Access Your Equity?

Your home has earned value, now it’s time to put it to work. Whether you want flexibility, financial relief, or room to grow, we’ll help you unlock what’s possible.

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