You may have received a notification from a lender stating that you haven’t tapped into your FHA equity reserves. This is a marketing gimmick that is trying to entice you to refinance via an FHA streamline refinance. This is likely referring to the FHA mortgage insurance refund you are entitled to when replacing one FHA loan with another via an FHA streamline refinance. Cash-out is not allowed when you get an FHA streamline refinance, however, you may save on your monthly payment. Only the FHA cash-out refinance allows you to receive cash back at closing.