Unlock Your Home’s Equity with
a Cash-Out Refinance
What is a Cash-Out Refi?
Unlike a Home Equity Loan, a cash-out refinance replaces your current mortgage with a brand-new home loan, for a larger amount. The difference between the new loan amount and your current mortgage balance represents the cash you can use for anything – consolidating debt, home renovations, tuition, or unexpected expenses.
Instead of an additional second mortgage with another monthly payment, Connecticut homeowners can have one loan, one monthly payment and can convert their homes’ equity into cash and use the money with no restrictions.
Refinance your Mortgage with Cash-Out Options at TSB
Unlike a home equity loan, or a second mortgage, a cash out refinance loan combines your mortgage into one – with potentially lower or better rates than current home equity loans. Homeowners can take advantage of low closing costs and current cash out refinance rates.
- Borrow up to 80% LTV (Loan-to-Value)
- Competitive cash out refinance rates
- Low closing costs
- No second mortgage — just one monthly payment
- Flexible terms to fit your budget
Turn Your Home’s Equity Into Cash
Let’s Get Started. One Loan. One Payment.
Explore cash-out refinance options from Torrington Savings Bank and convert your home’s equity into the funds you need.
Apply Online and View Estimated Closing Costs.
Access the money you need while simplifying your mortgage into one monthly payment – no second mortgage.
