Cash-out refinances are frequently utilized to settle the marital estate. The equity in the home is taken out through a new mortgage and the difference between the current mortgage balance and the new loan is then paid in cash to the borrower. The maximum loan amount is 80% of the appraised value of the home, so if the current mortgage is $50,000 and the home appraised for $100,000 the borrower would be able to receive $30,000 in a Cash-out refinance.