 TITLE: Do I Have to Pay Taxes on a Cash-Out Refinance? CONTENT: How Do You Qualify for a Cash-Out Refinance Loan?\n-------------------------------------------------\nTo get a cash-out refinance loan, you'll need to have enough equity in your home. In most cases, a lender will consider you for a cash-out refinance if you have equity of at least 20%.\nTo figure out whether you qualify, a lender will look at the loan-to-value ratio. This ratio is calculated by dividing the amount you owe on your mortgage by the value of your home. So, if the mortgage balance is $160,000 and the value of your home is $200,000, the loan-to-value ratio is 80%. An 80% ratio translates into 20% equity, which would meet the equity requirements of most cash-out lenders. END