If you need cash for home repairs, medical bills or to pay off debts, a cash-out refinance could help. This type of refinance allows you to tap your home equity and turn it into cash, which you can ...

A cash-out refinance lets you tap into the equity you’ve built up from years of regular mortgage payments. In exchange for a reduction of equity, you get access to cash that you can use for whatever ...

A cash-out refinance replaces your current mortgage with a new, bigger one. The borrower receives the difference between the two balances in cash. The terms of your refinanced mortgage might differ ...

There are several ways to use the value of your home to access cash. Two main ones are a cash-out refinance mortgage and a home equity line of credit, or HELOC. Both options leverage your home equity, ...

Home equity is at historic highs. If you've faithfully paid your mortgage over the years, you've likely built up quite a bit of it yourself. According to the Federal Reserve, American homeowners are ...

You won’t owe taxes on the cash you receive from a cash-out refinance. If you use the cash to fund capital improvements on your home, the interest may be tax-deductible. Any mortgage interest you ...