NMLS #63021|Licensed in NJ · PA · FL Call or text (609) 665-3460dhutch@nexalending.com
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Home equity & cash-out

Put your home equity to work.

Renovations, paying off higher-interest debt, tuition or a down payment on a second property: compare a cash-out refinance, a HELOC and a home equity loan with David.

Talk through my equity optionsCall (609) 665-3460Text to book a call

Your options

Three ways to tap equity

Cash-out refinance

How it works
Replace your current mortgage with a new, larger loan and receive the difference in cash.
Often a fit when
You want one loan and one payment, or a new loan makes sense on its own. VA cash-out options exist for eligible veterans.

HELOC

How it works
A line of credit secured by your home that you draw on as needed, alongside your current mortgage.
Often a fit when
You want to keep your current first mortgage and need flexible access over time, like for a phased renovation.

Home equity loan

How it works
A one-time lump sum in a second mortgage, repaid over a set term.
Often a fit when
You know the exact amount you need and want to keep your current first mortgage.

See also: HELOC · Cash-out refinance · Debt consolidation refinance

How much equity?

Want to use your home equity? Fill out the form here

Equity is roughly your home’s value minus what you owe. Lenders usually let you borrow against only part of it, and the limit depends on the program, your credit and the property.

Enter both numbers to see your estimated equity.

An estimate for illustration only, not an appraisal or an offer to lend.

Questions to ask first

  • Would replacing my current first mortgage help or hurt?
  • Do I need the money all at once or over time?
  • What closing costs and fees apply to each option?
  • How does each option fit my long-term plans for the home?

Related: Refinance · Refinance calculator · VA loans · Which loan fits me?

Talk through my equity options

No Social Security number and no credit pull here. This is a conversation, not an application or a commitment to lend.

Google reviews

What clients say

★★★★★
“Since day one of the process, Dave was professional, knowledgeable, and attentive to our needs. He was patient in guiding us…”
Mary S. · Home purchase
★★★★★
“Super responsive! He was always one step ahead of where we thought we needed to be. He made the whole process of re-fi super easy and took the time to explain what was happening and why each step of the way.”
James Z. · Refinance
★★★★★
“Dave was extremely helpful and detail oriented. This was my first time buying a home, and, with Dave’s help, it was super smooth.”
Scott M. · First-time buyer
Read all reviews on GoogleSee David on Zillow

Reviews posted on Google by clients of David Hutchison, including loans closed with prior companies. Shown word for word, shortened where marked. Individual experiences vary.

About the author: David J. Hutchison II, NMLS #63021, is a mortgage loan originator with NEXA Lending (Company NMLS #1660690), originating loans for 25+ years and focused on VA, first-time buyer and investor loans in New Jersey and Pennsylvania. Verify his license at NMLS Consumer Access. Reviewed Nov 2026.

Last updated Oct 2026