Where it mattersHome loanCash-Out RefinanceA cash-out refinance replaces your current mortgage with a larger one and pays you the difference in cash, commonly up to 80% of your home’s value on a primary residence.Learn more ›Related terms1031 ExchangeAmortizationAppraisalAPR (Annual Percentage Rate)ARM (Adjustable-Rate Mortgage)ARV (After-Repair Value)Asset DepletionAssumable MortgageBalloon PaymentBank Statement LoanBlanket LoanBRRRRCap RateCash to Close