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A cash-out refinance lets you access your home equity by replacing your existing mortgage with a new one that has a higher loan amount than what you currently owe. When you close on your loan, you’ll get funds you can use for other purposes.
Chase Bank Mortgage Rates | JP Morgan Chase Refinance Rates – You can pull out a lump sum of cash with a traditional home equity loan or have access to cash when you need it through a Chase home equity line of credit. Chase will make jumbo loans of up to $2 million; interest rates tend to run somewhat higher than on conforming loans.