Most VA lenders will allow a cash-out loan amount up to 90 percent of the appraised value (up to 80 percent in Texas). For example, a borrower has a loan amount of $100,000 and wants to refinance to a.
For homeowners with children near college age, extra cash freed up by refinancing – whether through lower monthly payments or through a lump sum taken out as part of a “cash. and Stephen Hart from.
Note:Texas has specific laws governing cash-out refinances and home equity loans, which prohibit homeowners from borrowing more than.