From first step to fully funded
Discover how leveraging equity works and the seamless journey to cash in hand.
From first step to fully funded
Discover how leveraging equity works and the seamless journey to cash in hand.
From first step to fully funded
Discover how leveraging equity works and the seamless journey to cash in hand.
Equity timeline
This example shows a typical experience for Home Equity Loans or cash-out refinances. Individual timelines may vary.
Find an option that matches your budget, timeline, and payment style.
Answer a few questions about your goals, income, and assets.
Once you find the perfect fit, complete a simple online application in minutes.
The process takes about 10 minutes and you can tap in an expert anytime.
Verify income and home details by submitting the typical required documentation.
Upload a few requested documents like pay stubs, W-2s, and bank statements. If you’re applying for a cash-out refinance, you may be asked for current mortgage statement/payoff details.
We’ll confirm your home’s value using market data or let you know if an appraisal is needed.
Appraisals are scheduled in about 48 hours and reports arrive a few days later.
Confirm the final details and schedule a closing date that’s convenient for you.
Provide any final documents and confirm your loan terms before closing. This may include updated statements or asset verification. Cash-out refinances include a final mortgage payoff review.
Sign the final paperwork and you’re all set!
A virtual closing takes about 30 minutes and we make the process simple & easy. You'll receive a Closing Disclosure in advance with your final terms and costs.
Cash will be disbursed via wire deposit to your bank account or via paper check.
Funds arrive within 1–3 business days following your closing.
Compare loan offers
Find an option that matches your budget, timeline, and payment style.
Answer a few questions about your goals, income, and assets.
Start your application
Once you find the perfect fit, complete a simple online application in minutes.
The process takes about 10 minutes and you can tap in an expert anytime.
Share documents
Verify income and home details by submitting the typical required documentation.
Upload a few requested documents like pay stubs, W-2s, and bank statements. If you’re applying for a cash-out refinance, you may be asked for current mortgage statement/payoff details.
Confirm your home's value
We’ll confirm your home’s value using market data or let you know if an appraisal is needed.
Appraisals are scheduled in about 48 hours and reports arrive a few days later.
Final review and approval
Confirm the final details and schedule a closing date that’s convenient for you.
Provide any final documents and confirm your loan terms before closing. This may include updated statements or asset verification. Cash-out refinances include a final mortgage payoff review.
Closing day
Sign the final paperwork and you’re all set!
A virtual closing takes about 30 minutes and we make the process simple & easy. You'll receive a Closing Disclosure in advance with your final terms and costs.
Get funded!
Cash will be disbursed via wire deposit to your bank account or via paper check.
Funds arrive within 1–3 business days following your closing.
Upgrade your home.
Keep your rate.
You could update your space, consolidate debt, and more without losing your low mortgage rate.
Turn your mortgage into opportunity
With a cash-out refinance, Rocket Mortgage® clients were able to consolidate debt and get a financial fresh start.
"It’s an exhilarating feeling to have my debt paid off and make upgrades to my home. Rocket helped me every step of the way.”
- Valerie
“Rocket Mortgage made the impossible come true. I never thought I could qualify, pay off my debt, and get cash back.”
- L. Lapoint
