Question: how much money do you get when you refinance your home?
Answer: For example, if your home is worth $800,000, with a $575,000 mortgage balance, and you want a mortgage with a loan-to-value maximum of 85 percent, the most cash you could generate on a refinance would be $105,000. Multiply the home value of $800,000 by 0.85 to see the maximum mortgage available is $680,000.