VA Cash Out Refinance Ridge

What Is a Cash-Out Refinance and How Does It Work With a VA Loan? For many homeowners, the equity they have built up over years of mortgage payments represents a large chunk of their net worth. A cash-out refinance lets you replace your current home loan with a new, larger mortgage, and then receive the difference as a lump sum of cash. For eligible veterans, active-duty service members, and surviving spouses, the Department of Veterans Affairs (VA) offers its own version