<prompt> Human: If I only have 8K equity in my house, can I get like 20K in cash if I cash out refinance? Meaning, can I just get a mortgage for 100K, pay off the 88K I owe on the house, and get 20K in cash to use for what I want?  <response>: No bank will lend you more than your house is worth. Whatever youre planning to do with this cash, its probably a bad idea i.e. you cant afford it. 