I don't want a lot of money against my home yet when you own outright its not worth the closing cost

If you are asking a question, it would be helpful to reword it so we can understand what you wish to know from mortgage consultant's perspective. Are you asking if it is possible to do a cash out loan on your property without costing you in closing costs? If that is your question, then I have to say yes, it is possible to do a cash out refinance without paying a dime in closing costs. There is always a reason other than it is free...and that is you may take a slightly higher rate instead of paying closing costs. These days a no closing costs refinance need not require much difference in rate...often only one or two eighths in rate over a typical "no points, only lender/escrow/title/appraisal fees. At least I have been able to provide such a deal to many past borrowers of mine, and can provide to you or anyone else.