Know what accessing equity costs.

Start with the essentials

A VA-backed cash-out refinance may let qualifying homeowners replace an existing VA or non-VA mortgage and possibly access equity.

Understand the full cost

Approval depends on credit, income, property appraisal, occupancy, entitlement and lender standards.

Questions to ask before moving forward

A larger loan balance reduces equity and can raise lifetime financing costs. Compare alternatives.

For current federal guidance, consult the official VA home loan program website. Before choosing a loan, compare written estimates from qualified lenders.

Continue learning

First-time homebuyer guide ↗ · Refinance guide ↗ · VA eligibility ↗ · Funding fees ↗