Unlock Your Home’s Potential with a Cash-Out Refi or Home Equity Loan
Turn Your Home’s Value into Financial Flexibility
Your home isn’t just where you live — it’s also one of your greatest financial assets. Depending on your qualifications and the amount of equity you’ve built, you may be able to access that value through a cash-out refinance or home equity loan.
Whether you’re consolidating debt, funding a home renovation, or create a financial cushion, Gil Tuinenburg (NMLS #212623) and the SoCal Supreme Team are here to help you explore smart options tailored to your goals.
What Is a Cash-Out
Refinance?
A cash-out refinance replaces your existing mortgage with a new one — and gives you access to a portion of your home’s equity as a lump sum. You’ll receive a new loan amount greater than your current balance, and the difference is disbursed to you at closing.
Common Uses:
✔ Debt consolidation
✔ Major renovations or repairs
✔ Covering tuition or large expenses
✔ Strengthening savings or emergency funds
What Is a Home Equity
Loan?
A home equity loan allows you to borrow against the value of your home without refinancing your current mortgage. Typically offered with fixed rates and predictable monthly payments, a home equity loan can help you manage larger expenses over time.
Common Uses:
✔ Home upgrades or additions
✔ Medical bills
✔ Business investments
✔ Life milestones (weddings, education, etc.)
Closed-End Second
Program Highlights:
✔ Minimum score 680
✔ 1-unit SFR, PUD, Townhouse, Condo
✔ Primary and Second homes are eligible
✔ Maximum loan amount $350,000
✔ Maximum combined liens up to $1.5M
Bank Statement Loans
Program Highlights:
·✔ 12 or 24 month personal or business bank statements
·✔ Loan amounts up to $3,000,000
✔ Purchase, Rate and Term Refinance, and Cash-out Refinance available
✔ 10% down for Primary residence
✔ 20% down for Second homes
✔ Bank Statement Income can be combined wage earning spouse income
Meet the SoCal Team
Gil Tuinenburg
Producing Branch Manager
NMLS #212623
Direct: 949.335.7408
Cell: 949.812.1500
Branch: 949.204.0008
Gary Johnson
Loan Officer
NMLS #1729346
Direct: 949.368.9760
Cell: 949.230.1989
Branch: 949.204.0008
ACCESS YOUR HOME EQUITY AND GET FUNDS AS QUICK AS 5 DAYS!
Gil is licensed to originate loans in
AZ, CA, OR, TN, TX, WA
ACCESS YOUR HOME EQUITY AND GET FUNDS AS QUICK AS 5 DAYS!
Gary is licensed to originate loans in
CA, FL, ID, IL, MI, OH, SC, TN, VA
ACCESS YOUR HOME EQUITY AND GET FUNDS AS QUICK AS 5 DAYS!
Chris is licensed to originate loans in
CA, AZ, OR, TN, WA
ACCESS YOUR HOME EQUITY AND GET FUNDS AS QUICK AS 5 DAYS!
james is licensed to originate loans in
AZ, CO, FL, OR, TN, TX, WA
Cash-Out Refi vs. Home Equity Loan:
What’s the Difference?
Feature
Replaces your mortgage?
Fixed Monthly Payments?
Access to equity?
Ideal for…
Cash-Out Refinance
✅ Yes
✅ Usually
✅ Lump sum at closing
Lowering rate + pulling cash
Home Equity Loan
❌ No
✅ Yes
✅ Lump sum at closing
Keeping existing loan + borrowing cash
Loan Programs
home Equity line of credit
When homeowners think about tapping into the equity they’ve built in their property, a Home Equity Line of Credit, also known as a HELOC, may come to mind. This alterative transaction mortgage can be incredibly versatile and useful for eligible homeowners to access funds.
HELOCs are a flexible financing option that may be attractive for homeowners who need access to funds for various reasons, including:
✔ Home Improvements. If you’re planning to remodel your kitchen, add an extension, or make other home renovation projects, a HELOC could provide the necessary funds.
✔ Pay Off High-Interest Debt. HELOCs often have lower interest rates than credit cards or personal loans, which makes them a good option to pay off other debts.
✔ Education Expenses. If you or your children need assistance paying for tuition, a HELOC may provide a helpful solution.
✔ Unexpected Expenses. A HELOC can also serve as a financial safety net for unseen expenses, such as medical bills or emergency repairs.
Refinance* Loans
Your home is great. But maybe your mortgage could use some work. Even if you aren’t planning a move, you might want to talk to us about making changes to your current loan.
Refinancing* is when you replace your current mortgage with a new one that may have more favorable terms. Discover how a refinance loan may help you unlock potential savings and reach your goals!
✔ Choice of repayment plans
✔ Fast application process
✔ Friendly dedicated service from Mortgage Professionals
*By refinancing an existing loan, total finance charges may be higher over time
Frequently asked questions
What’s the difference between a cash-out refinance and a home equity loan?
A cash-out refinance replaces your existing mortgage with a new one and gives you the difference in cash. A home equity loan, on the other hand, is a second loan that lets you borrow a lump sum against your home’s value while keeping your current mortgage in place.
What can I use the funds for?
Homeowners often use cash-out or equity loan funds for:
· Home improvements or renovations
· Debt consolidation
· Medical or education expenses
· Major life events like weddings or growing a business Funds can typically be used for any legal purpose, but it’s smart to have a clear financial plan.
Can I refinance again in the future?
Yes. If market conditions change or your financial goals shift, you may be eligible to refinance again—whether to lower your rate, change your loan term, or take additional cash out. Just know that refinancing comes with closing costs and may reset your loan term.
Will this affect my credit?
Applying for any new loan may result in a temporary dip in your credit score due to the hard credit inquiry. Over time, if the loan helps you reduce high-interest debt and make consistent payments, it could actually help improve your credit profile.
Do I need perfect credit to qualify?
Not necessarily. Qualification depends on several factors—credit score, income, home equity, and current debts. We offer access to a range of loan programs, so even if your credit isn’t perfect, we may still be able to help.
How much money can I borrow?
The amount depends on a few factors, including your home’s current market value, how much equity you’ve built, your credit score, and your debt-to-income (DTI) ratio. Most lenders allow you to access up to 80–85% of your home’s value, but this can vary.
Do I need to get my home appraised?
In most cases, yes. An appraisal is typically required to determine your home’s current market value and how much equity you’ve built. This helps the lender calculate how much you may be eligible to borrow.
How long does the process take?
The timeline varies, but a typical cash-out refinance or home equity loan takes about 3 to 4 weeks from application to closing. We’ll guide you through every step, from document collection to final funding.
What if home values drop?
Because both cash-out refinances and home equity loans are based on your home’s value, a significant drop in property values could reduce your equity or even result in
owing more than your home is worth. That’s why it’s important to borrow responsibly and with a long-term plan.
The Supreme Lending Difference
Commitment
We have an entire team of people working together to help you cross the finish line.
01
Communication
Frequent and authentic
communication through your
homebuying journey.
02
Timely Closings
99% Close on Time* Percentage in 2024, along with 22 average days application to clear to close in 2024
*The information above is based on national company-wide production in 2024
03
Contact US
Let’s Talk About Your Equity Options
Ready to explore your potential? Let’s find a solution that fits your financial goals, timeline, and lifestyle. Whether it’s a refinance or a home equity loan, we’re here to make the process simple and supportive.
Branch Address
San Diego, CA 92103