Conventional Cash-Out Refinance in Southeast Wisconsin: Use Your Equity Smarter in 2025
If you've owned your home for a few years, chances are you've built up a solid amount of equity - and that equity can work for you. A conventional cash-out refinance lets you tap into that value and put it toward the things that matter most - without selling your home.
At Union Home Mortgage, we help homeowners across Milwaukee, Waukesha, and Southeast Wisconsin leverage their equity to achieve financial freedom, faster.
What Is a Conventional Cash-Out Refinance?
It's a refinance loan that replaces your current mortgage and gives you cash at closing based on the equity in your home. Unlike an FHA cash-out, conventional cash-out loans offer more flexibility for borrowers with higher credit scores and more equity.
You can use the funds for:
- Home renovations or repairs
- Paying off credit cards or personal loans
- Investing in a second property or business
- College tuition or major life expenses
Who Qualifies for a Conventional Cash-Out Refi?
Here's what most lenders - including us - are looking for:
- Credit Score: 680+ (the higher, the better for rates)
- Equity: Typically 20%+ in your home
- DTI (Debt-to-Income Ratio): Usually below 45%
- Primary, second home, or investment properties allowed
If you've been paying on your mortgage for a few years and your home has appreciated, you may qualify - even if you've refinanced before.
Cash-Out vs. HELOC: What's the Difference?
While HELOCs (Home Equity Lines of Credit) are separate, interest-only loans, a cash-out refinance gives you a lump sum and resets your mortgage terms - often at a better rate than a HELOC, especially in 2025's rate environment.
Still not sure which is right for you? Schedule a free consult and we'll walk you through both options.
Why Homeowners Are Refinancing in 2025
- Rates have stabilized, and many homeowners want to consolidate debt at a lower rate
- Equity gains in Southeast Wisconsin are strong - especially in Waukesha and Brookfield
- Many are using funds for renovations, weddings, tuition, or investment properties
Local Experts. Personal Service. Fast Closings.
My team and I make the process fast, clear, and customized to your financial goals. Whether you're ready now or just exploring options, we're happy to review your situation and see what you qualify for.
Call/Text: 414-975-2654
Email: azeman@uhm.com
Schedule a Consultation: Book a Time Now
More Info: adamzmortgageteam.com/conventional-cashout