Kings Point, NY Refinance â€" Can that generate cash for me?

Whether that Kings Point, NY Refinance (i.e. refinancing of your Kings Point, NY home mortgage loan) can generate cash for you or not is dependent on whether you have built any home equity on your Kings Point, NY house or not?
Whether you have developed significant home equity in your Kings Point, NY is in turn dependent on 2 factors. Both of these factors are closely linked to each other and none can be considered in isolation. 
The first factor is the tenure of the home loan or mortgage that has been completed till date i.e. the time elapsed since the start of your mortgage monthly payments (dues).
The more the elapsed time the more is your home equity (possibly). However, the equity will be more only if you have paid all your monthly mortgage payments till date (or at least most of them). This is the second factor. So, both these factors work in tandem. If the elapsed time is more but you have made very few monthly mortgage payments then your home equity would still be less (and probably the mortgage lender would already have started legal proceeding to take title to your house because of you defaulting on your mortgage payments).
If you have been regular with your mortgage payments but only a couple of years have elapsed since you started your mortgage, you wouldn’t have paid enough of mortgage instalments so as to develop a significant home equity. So, in any case, you should have enough home equity in order to be able to generate cash from your Kings Point, NY Refinance.