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Frequently asked questions

What are the maximum Loan to Value Ratios (LTV, CLTV, & HCLTV) for a cash out refinance?

These are the maximum loan-to-value ratios for a regular cash-out refinance:

Primary residence

Number of units Maximum LTV, CLTV, HCLTV
1 unit 80%
2-4 units 75%

Second home

Number of units Maximum LTV, CLTV, HCLTV
1 unit 75%

Investment property

Number of units Maximum LTV, CLTV, HCLTV
1 unit 80%
2-4 units 75%

LTV stands for loan-to-value ratio. CLTV means combined-loan-to-value ratio. HCLTV is the abbreviation of home-equity-combined-loan-to-value ratio.

See your refinance rates with Better Mortgage, or use this cash out refinance calculator to see how much you could borrow and what the cost of your new monthly payment would be.


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