Warning: include() [function.include]: URL file-access is disabled in the server configuration in /usr/home/ms/domains/hurryloan.com/html/answers.php on line 78 Warning: include(http://www.hurryloan.com/rightbar.php) [function.include]: failed to open stream: no suitable wrapper could be found in /usr/home/ms/domains/hurryloan.com/html/answers.php on line 78 Warning: include() [function.include]: Failed opening 'http://www.hurryloan.com/rightbar.php' for inclusion (include_path='.:/usr/local/share/pear') in /usr/home/ms/domains/hurryloan.com/html/answers.php on line 78   Go Back To Search Results Question What are the different between refinance and cashout refinance? Let say: my property value (single family) is $250k and current loan is $150k. how much do i cash out or qualify to cash out refinance? income and credit are ok to buy a house up to 300k. By LOL Posted on 09/30/09 Total Answers 1 Answers- If your property value is $250K, you could qualify for a loan up to $200,000 and still have a loan to value ratio of 80%. That means, if you refinance, you could potentially get cash out in the amount of $50,000. Today, most lenders do not want to do a cashout refinance on a property with less than an 80% loan to value ratio. However, you probably don't have to refinance. You should be able to get a home equity line of credit for $50,000 on top of your $150,000 first mortgage. Answer by : doreen k On Date 2009-09-30 21:50:52   Go Back To Search Results