Qualified Mortgage Broker • Since 2012
Cash Out Refinance
Unlock your home equity for renovations, investments, or consolidating debt — with a structure that fits your goals.
What is a cash out refinance?
A cash out refinance replaces your current home loan with a new one and releases additional funds by leveraging your available equity. I compare options across multiple lenders, confirm policy fit, and design the right structure (splits, fixed/variable, offset) for your plans.
Common, policy-friendly purposes
- Home improvements and renovations
- Investment (e.g., deposit for another property)
- Debt consolidation to simplify and reduce repayments
- Personal purposes (subject to policy and evidence of use)
Opinion: cash out can be a smart tool when the numbers stack up; the key is using it intentionally and structuring it well.
How much can I access?
- LVR limits apply. Many scenarios aim to keep total lending at ≤ 80% LVR to avoid LMI. Above 80% is possible with LMI, subject to purpose and policy.
- Larger cash-out requests may need extra documentation (quotes, statements, contracts) to evidence purpose.
- For investment-related cash out, some lenders cap amounts or apply shading/special conditions.
I will model different LVRs, rates, and terms to show trade-offs in cost and flexibility.
What I will check for you
- Comparison of rates, fees, and any cashbacks across lenders
- Loan structure: splits, offset/redraw, fixed vs variable, interest-only vs P&I
- Policy fit for your income, liabilities, and credit profile
- Impact on repayment amount and total interest over time
What documents help
- Recent payslips / tax returns (self-employed: personal + business)
- Latest mortgage statement(s) and rates notice
- Statements for credit cards/personal loans
- Evidence of purpose (renovation quotes, investment plan, payout figures)
Ready to put your equity to work?
I will compare options and design a structure that meets your needs—then handle the refinance end-to-end.