Three Options To Access Your Equity
Three smart solutions. One goal-helping you get what you need.
Cash-Out Refinance
Best when you can get cash
AND lower your current rate.
Replace your current loan
Receive cash at closing
Potentially lower your interest rate
One monthly payment
Home Equity Loan
Best when you want a fixed amount
and keep your lower rate.
and keep your lower rate.
Receive one lump sum
Fixed payment
Fixed interest rate
Keep your low rate mortgage
Home Equity Line Of Credit (HELOC)
Best when you want flexible
access to your equity over time.
access to your equity over time.
Borrow only what you need
Reuse available funds
Great for ongoing projects
Keep your low rate mortgage
Let's Find The Right Equity Solution
Whether you’re looking for one fixed loan, ongoing access to your equity. or want to see if a cash-out refinance makes sense, we’ll help you compare your options with no pressure and no obligation.
Let's Find The Right
Equity Solution
Whether you’re looking for one fixed loan, ongoing access to your equity. or want to see if a cash-out refinance makes sense, we’ll help you compare your options with no pressure and no obligation.
Secure. Private. No Obligation.
Access Your Equity. Make An Impact.
When you choose Tithe Lending, you receive experienced guidance and straightforward advice-
and your loan also helps support the Tithe Foundation’s work in local communities.
and your loan also helps support the Tithe Foundation’s work in local communities.
Common Questions
How does a cash-out refinance work?
The lender pays off your existing mortgage and creates a new loan based on your home’s value and available equity. You receive the remaining proceeds as cash or to be used to pay off higher interest rate debt.
Will I need money at closing for a cash out refinance?
No. Since the new loan will more than cover the old loan plus closing costs, you will not bring any money to closing. Plus, there will be a gap of 1 – 2 payments during the refinance process so you can keep 1 – 2 payments in your account.
Is a Home Equity Loan or HELOC better than a cash-out refinance of my first mortgage?
It depends on your goals. A Home Equity Loan or HELOC may make sense if you want to access equity while keeping a low interest rate on your existing first mortgage. A cash-out refinance may be beneficial in other situations. Comparing both options can help determine the best fit.
Does taking out Home Equity Loan or HELOC affect my first mortgage?
No. Your first mortgage remains in place with the same balance, payment, and interest rate. The second mortgage is a separate loan.