3 Good Reasons for a Cash-Out Refinance
Homeowners do a cash-out refinance so they can turn some of the equity they've built up in their home into cash.
What Is a Cash-Out Refinance?
A homeowner who has built up equity can convert some of it to cash by replacing an existing home loan with a new, larger loan. The new loan rolls together what you currently owe on the home plus some cash. You could enjoy the primary benefits of any refi—a new lower interest rate, a lower monthly payment, or both—plus ...
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