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Find out how we can help you tap into your home's equity with a cash-out refinance. Get started. Further your financial goals and enhance your life with a cash-out refinance. A happy.. FHA loan – Refinance up to 85% of your home's value.
Cash Out Purchase What Is a Cash-Out Refinance? A cash-out refinance is a refinancing of an existing mortgage loan, where the new mortgage loan is for a larger amount than the existing mortgage loan, and you (the borrower) get the difference between the two loans in cash.
Max loan limits: For FHA cash-out refinance loans, there is a limit of 85% LTV, which means that you can borrow up to 85% of the home’s current value. Approval guidelines: To be eligible to refinance, you must have at least 15% equity in your property, according to a current appraisal.