Cash-Out Refinance in Tempe, AZ

Long-time Tempe homeowners hold serious equity. Cash-out refinances here often fund a rental purchase near campus.

Cash-Out Refinance in Tempe: what you need to know

A cash-out refinance replaces your current mortgage with a larger one and pays you the difference in cash. Homeowners use it to consolidate high-interest debt, fund renovations, buy investment property, or build a cash reserve. Whether it makes sense depends on your current rate, your goal, and the alternatives, and we will tell you plainly if it doesn't.

• Conventional cash-out up to 80% of value; VA cash-out up to 90% for eligible veterans
• Consolidate credit cards, auto loans, and HELOCs into one fixed payment
• Fund renovations, an ADU, or the down payment on the next property
• Compare against a HELOC or the All In One Loan before you decide
• Rate-and-term refinance if you just want a lower payment

The Tempe market

Tempe is Arizona State University, a dense rental market, and a mature suburb south of the 60 that families rarely leave. Condos and townhomes near campus, single-family in South Tempe, and investors everywhere in between.

How Ricky's team handles cash-out refinances in Tempe

Every file starts with a 15-minute strategy call. We map your goal, run the numbers on cash-out refinance against the alternatives, and issue a pre-approval that has been reviewed by a human underwriter, not a pre-qualification from a form. You get weekly updates, one point of contact, and a closing date we hit. Ricky Khamis has been lending in the Valley since 1999, is an 82nd Airborne veteran, and personally reviews cash-out refinance files.

Frequently asked questions

How much cash can I take out of my Tempe home?

Conventional loans allow up to 80% of the appraised value, minus what you owe. VA cash-out can go to 90% for eligible veterans. Investment properties allow less.

Should I refinance or get a HELOC?

If your current first-mortgage rate is well below today's rates, a HELOC or the All In One Loan often wins. If your rate is near or above the market, a cash-out refinance usually wins. We run both.

Is cash from a refinance taxable?

Loan proceeds are not income and are not taxed. Interest deductibility depends on how you use the funds. Talk to your CPA.

How long does a cash-out refinance take in Tempe?

Typically three to four weeks including the appraisal. Refinances on a primary residence have a three-day rescission period after signing before funds are released.

Source: Ricky Khamis, President of EPiQ Lending, NMLS #173141, Scottsdale, Arizona. Program guidelines change; contact us for current terms. Not a commitment to lend.