The new loan amount must not exceed 70% of the value of your French property with a minimum loan amount of 100,000 euros.

To qualify for cash out when refinancing, you must have an approved purpose or declared project for the cash such as :

• purchase of residential real estate
• renovation
• repayment of money used for completed renovation to savings
• purchase of car, boat, plane, works of art
• financing children's education
• investing in pension plan, mutual fund, bonds

You will be obliged to show proof of the destination of the cash out such as :

• signed purchase contract for real estate
• signed application for fund investment
• letter specifying the cost of school tuition for your child
• quote for purchase of boat 

Before applying, please have an estate agent provide a conservative valuation of the resale value for your French property. French banks require this before considering your application.