A refinance transaction in which the amount of money received from the new loan exceeds the total of the money needed to repay the existing first mortgage, closing costs, points and the amount required to satisfy any outstanding subordinate mortgage liens,. In other words a refinance transaction in which the borrower receives additional cash that c [..]

Refinancing a mortgage at a higher amount than the current balance in order to transform a portion of the equity into cash.

When a borrower refinances his mortgage at a higher amount than the current loan balance with the intention of pulling out money for personal use, it is referred to as a "cash out refinance." (top)

when a borrower refinances a mortgage at a higher principal amount to get additional money. Usually this occurs when the property has appreciated in value. For example, if a home has a current value . [..]

This term is used when a borrower refinances his mortgage to obtain a new loan far exceeding the amount of his current loan amount with the intention of using it for personal or other reasons.  

The term Cash-Out Refinance signifies refinancing for an amount in excess of the balance on the old loan plus settlement costs whereby the borrower takes “cash-out” of the transaction. Cash-out refina [..]

Occurs when the homeowner takes out a loan on the home for a greater amount of money than what is owed. In most cases, the loan is used to pay off the home and the rest is received as cash at settlement.

Refinancing a mortgage at a higher amount than the current balance in order to transform a portion of the equity into cash.

A refinance transaction in which the amount of money received from the new loan exceeds the total of the money needed to repay the existing first mortgage, closing costs, points, and the amount requir [..]

This refinance loan allows veterans to refinance to a lower interest rate and tap into their equity. Borrowers can obtain a cash-out refinance for up to 90 percent of the home's appraised value, [..]

A refinance transaction in which the new loan amount exceeds the total of the principal balance of the existing first mortgage and any secondary mortgages or liens, together with closing costs and points for the new loan. This excess is usually given to the borrower in cash and can often be used for debt consolidation, home improvement, or any othe [..]