Debt Consolidation - Cash-Out Refinance Up to 85%* of Current Market Value. *Effective 04-01-2009 HUD has reduced the maximum financing allowed on cash-out mortgages from 95%
Declining home values have made it harder to use the equity in your home to consolidate debt, but refinancing with a Federal Housing Administration (FHA) loan allows Cash-Out on an owner-occupied home, in most cases, up to 85% of current market value. And, less than perfect credit is okay.