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Updated over 4 years ago,

Andrew Bilak's profile image
Andrew Bilak's profile image
Andrew Bilak
  • Member since Apr 20, 2020
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Andrew Bilak's profile image
Andrew Bilak's profile image
Andrew Bilak
  • Member since Apr 20, 2020
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Andrew Bilak
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4
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Starting Out

Canadian Real Estate Market Cash Out REFI Question

Andrew Bilak
Posted

I'm in the Canad]ian market and just want some clarification. Is the amount that you pull out on a cash-out refi, actually the forced ARV 'cash' or am I paying taxes and or interest on that cash amount based on the new mortgage?

Is the cash out refi a secured fixed rate loan against the new home equity?

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