text: First off, your brother will have to pre-qualify for the refinance without you. \nSecondly, there are no proceeds unless you do a cash-out and a cash-out is equity. \nIf equity is cashed out it is added to the org loan amt + refi fees. \nWhich in turn, would leave your brother with a higher loan amt and a slightly higher pmt but would allow you to walk with your money to invest.