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Should You Consider a Cash Out Refinance?A Cash Back Mortgage offers an option for home loans. It allows you to borrow more than the price of the home and receive some cash in return. Called cashback, this lump sum is often marketed as free cash, but it is in fact funded by the mortgage interest paid by the borrower. Need cash back on your variable or fixed-rate mortgage? You've come to the right place. We can give you upfront cash on either rate type.