You have hefty financial goals or need to make a big-ticket purchase but don’t quite have the cash on hand. A cash-out refinance could be an option if you have a sizable amount of equity in your home.

Mortgage Research Center. Rates averaged 5.28% for a 15-year financed mortgage and 6.06% for a 20-year financed mortgage.

A cash-out refinance can help you get the cash needed to purchase a second home. But is it a strategic move, or should you pursue other financing options? To decide, familiarize yourself with how this ...

When refinancing, lenders want to hear your goals clearly. Be ready to explain whether you want lower payments, cash out or a new loan type.

Because cash-out refinances are a riskier proposition, they tend to have higher interest rates compared to a regular refinance. Some factors that influence your refi’s rate are market-driven, but ...

The Consumer Financial Protection Bureau (CFPB)’s Office of Research published new data detailing the usage of cash-out refinances, a more popular home equity-tapping method relative to reverse ...

The rate on a 30-year fixed refinance increased to 6.35% today, according to the Mortgage Research Center. For 15-year fixed ...

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Buying a home is perhaps the most significant purchase a person can make. But once the home is in hand, homeowners will undoubtedly find themselves in need of making repairs or upgrades to their house ...

Cash-out refinancing hits near 3-year high in Q2 Total tappable U.S. home equity reaches $11.6 trillion Some markets see equity drop as prices cool in Sunbelt, West Homeowners are cashing in on years ...

While a cash-out refinance has many benefits, it’s important to consider both the pros and cons of this financial product before applying for one. A cash-out refinance lets you tap into the equity you ...

Discover safer alternatives to cash-out refinancing to pay off high-interest debt and protect your home equity while reducing ...