Cash-out refinance

Cash-out refinance — replacing or supplementing a property’s loan based on a new, higher valuation, receiving the difference in cash while keeping the asset: the equity you locked in (or forced up via renovation and income — 3.5’s escapes) becomes deployable again without selling, sparing you the ~8–9% transaction friction and the capital-gains event. PH execution is quieter than the US product name: a REM/collateral loan at ~50–70% of appraisal, a refinance to a new bank at the higher appraisal, or a top-up with your current lender — always at investor-grade documentation standards and conservative bank appraisals, and always re-stress-tested at the new, larger amortization.

First used in: 4.7 · The allocator’s dashboard