Skip to main contentsee which rates I qualify forWith a cash back mortgage, your lender advances you a tax-free cash lump sum when your mortgage is finalized. You might use that cash to start a renovation, buy furniture, or finance some other purchase associated with your new home. The catch is that you'll pay a higher interest rate on a cash back mortgage than on a normal mortgage, which will generally see you pay more overall. You will still need to provide a down payment from traditional sources.5% of your total mortgage amount is a typical amount of cash you might be able to receive...…Skip to main contentsee which rates I qualify forWith a cash back mortgage, your lender advances you a tax-free cash lump sum when your mortgage is finalized. You might use that cash to start a renovation, buy furniture, or finance some other purchase associated with your new home. The catch is that you'll pay a higher interest rate on a cash back mortgage than on a normal mortgage, which will generally see you pay more overall. You will still need to provide a down payment from traditional sources.5% of your total mortgage amount is a typical amount of cash you might be able to receive...WW…