I own my home outright, and it is worth about 280k. How much would I be able to borrow if I needed cash out?

Generally speaking, you can cash out on a conventional loan up to 80% loan to value if your home is a single family residence. Some lenders have a maximum cash out limit, so you may want to ask your local mortgage loan originator.

Lending guidelines allow for up to 80% cash out, so about $224,000. This assumes that you meet all other eligibility requirements such as debt to income ratios, sufficient credit and acceptable credit scores... I'm a Broker here in Scottsdale AZ and I only lend in Arizona. If you or someone you know is looking for financing options, feel free to contact me or pass along my information. William J. Acres, Lender411's number ONE lender in Arizona. 480-287-5714 WilliamAcres.com NMLS# 226347

80%