Refinance and cash out for remodel but now plans have changed..... We recently refinanced and took cash out for an addition but our plans changed. Is it better to refinance to a lower amount? Its a $100K cash on a $385K loan. 15 yrs fixed at 3.75%. I am very conservative with money and I know I cannot make 3.75% anywhere at this point. Any suggestions?December 03 2010 - Los Gatos00YesReport a ProblemProblemSelect oneOffensive contentIrrelevant contentSpam (pure self-promotion)OtherDetailsYour emailPlease enter a valid email address.Submit CancelContent flaggedWe will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.We're sorry. This service is temporarily unavailable. Please come back later and try again.