Turn your property equity into usable cash without selling your home. Cash out refinancing lets you top up your existing mortgage and unlock funds for renovation, investment, education or business, while keeping your instalment under control.
What is Cash Out Refinancing
Cash out refinancing means restructuring your current housing loan to a new package, and increasing the loan amount so you receive extra cash in hand. Instead of taking separate personal loans or using high interest credit cards, you maximise the value of your property at a usually lower housing loan rate.
When does cash out refinancing make sense
You may consider cash out refinancing if you want to:
- Renovate or upgrade your home
- Pay for children’s education or medical expenses
- Inject capital into your business
- Clear higher interest debts and improve monthly cash flow
- The key is to make sure your new package, fees and tenure still fit your long term financial plan.
How Quantify AI helps
Quantify AI compares your current loan against new packages from multiple banks and shows you:
- New estimated instalment and total interest
- Option to refinance with or without financing legal / valuation / stamp duty fees
- Option to refinance but keep your existing instalment to shorten tenure and save interest
- Our guided calculator and AI report help you see clearly how much you can cash out, what your new monthly will look like and how much interest you can potentially save.
Ready to see your numbers? Use our guided calculator and find out how much cash you can unlock from your property.
