The percentage of your home’s value that can be borrowed on a refinance loan (know as the maximum Loan-to-Value ratio) varies by loan program.
For a refinance where you are simply paying off an existing 1st mortgage loan (plus closing costs if desired) there may be no limit as to the loan to value. So even if you have little equity or even or negative equity in the property, we may have options for you.
For a “cash out” refinance, this also will vary based on loan program and will depend on certain factors like occupancy status, credit score and # of units. In general, the maximum loan to value on a “cash out” refinance will be as high as 85% of the property appraised value.