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.

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 ...

A cash-out refinance replaces your current mortgage with a new, bigger one that converts some of your home’s equity to cash. The terms of your refinanced mortgage might significantly differ from your ...

After years of building equity in your home, you might find yourself needing access to funds. Indeed, the average U.S. homeowner now has about $207,000 in "tappable" equity – that is, funds they could ...

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 ...

We may receive commissions from some links to products on this page. Promotions are subject to availability and retailer terms. While a HELOC comes with a variable interest rate subject to change and ...

An FHA cash-out refinance lets homeowners trade out their current mortgage for a new one and get cash back at closing, but only if they have enough home equity and meet the loan requirements set by ...

To get the refinance you want, you need to explain your goal in words that the lender understands. This is a guide to what to ...

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 ...

A cash-in refinance is the opposite of a cash-out refinance: you'll refinance your mortgage for a lower interest rate with a higher down payment. Maybe you've gotten an inheritance, a bonus at work or ...

When someone gets a VA cash-out refinance, they are applying for a new loan, a new interest rate and new monthly payments. Veterans who qualify can apply for this loan in order to receive cash based ...