Cash-Out Refinancing: How It Works, When To Do It
Savings Corner
APRIL 4, 2024
Christina Zelow Lundquist/ Getty Images; Illustration by Austin Courregé/Bankrate Key takeaways Cash-out refinancing allows you to turn equity into cash through refinancing your mortgage. You can use this money for any purpose, including home remodeling , consolidating higher-interest debt , college tuition and other financial needs.
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