Are there tax consequences for cash back on refinancing that is used to consolidate debt?

As for the cash out to pay of debt "no". If you cash-out and sell there are still capital gain issues. The cash-out does not relieve you from those. Other than that.. If you are staying within the value of the home " No ". If you do a loan above the value of you r home, which a far and few between; the only tax implication I am aware of is that the interest accrued up to the value of the home (i.e. you payment minus principle, taxes insurance-mortgage and homeowners) is deductible. Anything above is not. Some states do have different regulations on this also. Best bet refer to a local accountant. This typically would be free advice. Hope this helps.