The majority of loans we fund are to give borrowers cash back at closing. Cash back can be used for any purpose including: paying debts, collection accounts, purchase a car, business capital, investment purposes, living expenses, home improvements, etc.

How much of your equity can you convert to cash? The answer is to take your property's value and multply it by the maximum loan-to-value ratio (LTV) we will lend on your property (typically 65-70%). Then deduct estimated closing costs and any required payoffs. The amount left is disbursed to the you, the borrower, as cash back.