Turn your home equity into cash with a trusted California lender. Apply online in minutes — serving homeowners since 2006.
We’ve helped thousands of homeowners refinance across LA, San Diego, the Bay Area, and beyond. Our advisors know the local markets, laws, and opportunities.
With in-house processing and underwriting, we can close most cash-out refinances within 21–30 days — sometimes even faster.
Refinance up to 80% of your home’s value and access the equity you’ve earned. Ideal for renovations, debt payoff, or big expenses.
You’ll work directly with a Pacific Mortgage Group refinance specialist — no phone trees or outsourcing.
If you’re a homeowner in California and sitting on significant home equity, a cash-out refinance may be one of the smartest ways to access that value.
At Pacific Mortgage, we specialize in helping Californians turn equity into opportunity — whether you’re looking to pay off debt, renovate your home, or invest in something new.
A cash-out refinance in California gives you the flexibility to leverage rising property values without selling your home.
This makes it ideal for borrowers in high-appreciation areas like Los Angeles, San Diego, and the Bay Area. Plus, working with a local expert ensures you’ll get personalized guidance every step of the way.
If you’re asking yourself, “Is now the right time for a cash-out refinance in California?” — the answer depends on your current mortgage rate, your equity, and your long-term financial goals.
Get in touch with Pacific Mortgage today to discuss your options.
Many California homeowners tap into their home equity to fund major renovations or add valuable upgrades. Whether you’re remodeling a kitchen in Los Angeles, building an ADU in San Jose, or installing solar panels in Sacramento, a cash-out refinance can give you access to the funds you need — without taking out a high-interest personal loan. Renovations often boost your property value, making this one of the most strategic ways to reinvest in your home.
If you’re carrying balances on credit cards, auto loans, or personal loans, a cash-out refinance can help you consolidate that debt into one manageable monthly payment — often at a significantly lower interest rate. For example, refinancing $50,000 of high-interest debt into your mortgage at 6.5% can save thousands over time. This is a common strategy among homeowners in Orange County and the Inland Empire facing rising living costs.
Looking to buy a second property or grow your real estate portfolio? Many Californians use cash-out refinancing as a funding source for down payments, property flips, or buy-and-hold rental investments. Others use the funds to launch or expand small businesses. By leveraging your existing equity, you can unlock capital without selling your primary home — fueling growth without taking on unsecured loans.
From college tuition to weddings and medical expenses, a cash-out refinance can offer a lump sum of accessible cash at a lower rate than private loans or credit cards. If you’re planning a major milestone and need flexibility, using your home equity can be a smart alternative to traditional financing.
Tapping into your home’s equity offers various advantages:
Unlock value from your appreciating California property. For instance, if your home’s value is $700,000 and you owe $300,000 on your mortgage, you could borrow up to $560,000 (80% of $700,000), which could pay off your existing mortgage and provide $260,000 in cash.
Improve and reinvest in your home with the funds from a cash-out refinance to potentially increase your home’s value.
Replace high-interest credit balances with a lower mortgage to earn substantial savings and simplify your finances.
Fund business ventures or real estate investments, such as flipping houses and buying and holding rentals, to build wealth without selling your home.
A cash-out refinance is an opportunity to secure better terms if your credit score has improved, potentially lowering your mortgage payments.
The cash you receive is not taxable income, and you could potentially deduct the mortgage interest on your refinanced loan.
Access to your equity gives you more control over your finances, allowing you to fund unexpected costs, medical bills, education, and other expenses.
To qualify for a cash-out refinance with Pacific Mortgage, you’ll need to meet the following criteria. These are designed to help you access your equity confidently and responsibly.
Equity
At least 20% equity in your home. This is calculated as your home’s current value minus your mortgage balance.
Debt-to-Income (DTI) Ratio
Most borrowers qualify with a DTI of 43% or lower, including your new mortgage payment.
Income Verification
Provide recent pay stubs, W-2s, or tax returns to verify a stable income and employment history.
Credit Score
A minimum score of 620 is generally required. Higher scores may unlock better interest rates.
Appraisal
You’ll need a new home appraisal to confirm your property’s current market value.
A cash-out refinance can be a powerful financial tool — but like any major loan decision, it’s important to understand both the benefits and potential trade-offs.
Cash-out refinance rates in California often carry slightly higher rates than standard rate-and-term refinances. Compare cash-out refinance offers carefully.
Expect to pay 2%–6% of the loan amount in fees, including appraisal, title, and origination charges. These may be rolled into the loan or paid upfront.
Withdrawing equity lowers your ownership stake in the home — which could limit future refi or sale options if the market softens.
You’re replacing your current mortgage with a larger one. Ensure you’re comfortable with the new monthly payment.
As with any mortgage, this is a serious obligation. Be sure the monthly payment aligns with your long-term financial plan.
A cash-out refinance involves taking out a new mortgage for more than what you owe on your existing loan and receiving the difference in cash. This process can be an excellent way to utilize the value you’ve built up in your home. Here’s how it works:
Calculate your home’s current market value and subtract the remaining balance on your mortgage. This will give you an idea of the equity available.
Pacific Mortgage allows homeowners to borrow up to 80% of their home’s appraised value. For example, if your home is worth $500,000 and you owe $300,000, you could potentially refinance for $400,000, giving you $100,000 in cash.
Submit an application with required documentation, including proof of income and a new home appraisal.
Once approved, you’ll sign the new mortgage documents and receive your cash payout at closing.
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"I thought it was a long shot that we would be able obtain a cash out refinance loan but they walked me through the process, explained all of the options and we were able to get the loan! They were very helpful every step of the way explaining what we had to do and what each step would entail. I can enthusiastically say that I had a very positive experience with Pacific Mortgage!"
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"My wife and I worked with Pacific Mortgage on a refinance and the whole process was an absolute breeze. They were very timely and responsive and incredibly helpful in guiding us through the process. Would definitely recommend!"
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"Highly recommend Raeda at Pacific Mortgage Group. She made the entire loan process smooth and stress-free with her expertise and excellent communication. Raeda and her team handled my refinance loan efficiently. Thanks to her, we closed on time and with very competitive loan terms. Truly outstanding service!"
Assess Your Needs
Determine how much cash you need and ensure it aligns with your financial goals.
Submit Your Application
Provide the necessary documentation, including proof of income and a home appraisal.
Consult With Pacific Mortgage
Speak with one of our mortgage specialists to discuss your options and understand the process.
Close and Receive Funds
Complete the closing process and receive your cash payout.
You can apply online in minutes or speak directly with a local advisor at Pacific Mortgage for personalized help.
Typically 620 or above. Better credit may get you better rates.
Yes — many clients in California use cash-out funds for upgrades or consolidating high-interest loans.
Most homeowners can refinance up to 80% of their home’s appraised value.
Expect 2%–6% of the loan amount in fees — these may be rolled into the loan or paid upfront.
Possibly, since your new loan amount will be higher. We’ll help you estimate the new payment.
It depends on your goals — cash-out refinances offer lump sums with fixed rates.
Yes, a new appraisal is typically required to confirm current market value.
In some cases, mortgage interest may be deductible — consult your tax advisor.
Pacific Mortgage Group is proud to hold credentials and honors that reflect our integrity and reputation in the mortgage industry.
Government Contracting Credentials
BusinessRate Best of 2025
BBB A+ Accreditation
At Pacific Mortgage, we understand that your home is more than just a place to live — it’s a valuable asset that can help you achieve your financial goals. A cash-out refinance allows you to access the equity you’ve built in your home by replacing your existing mortgage with a new, larger one. This type of refinancing can provide you with the funds you need for home improvements, debt consolidation, education expenses, and more.
Cash-out refinancing is a simple process. Our team assesses your home’s current market value, your mortgage balance, and your financial situation. We then structure a new mortgage that lets you withdraw cash while retaining favorable mortgage terms. Pacific Mortgage guides you through each step — from application to closing — ensuring you’re well-informed and supported along the way.
Call 951-404-2928 to learn more about our services and schedule a visit. You can also fill out our contact form and we’ll be happy to get back to you as soon as possible.
Call (951) 531-1399 to learn more about our services and schedule a visit.
You can also fill out our contact form, and we’ll be happy to get back to you as soon as possible.
At Pacific Mortgage Group,
we understand that purchasing
a home or investment property
can be one of the most significant financial decisions in one’s life.
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Pacific Mortgage Group is a dba of California Premier Services, Inc
