College Tuition, Education and Refinancing

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. The terms of your refinanced mortgage might significantly differ from your original loan, including a new rate or longer or shorter loan term.

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Best Cash-Out Refinance Lenders of 2023

Savings Corner

DECEMBER 25, 2023

Many people use the cash from a cash-out refinance to fund large-scale home improvements, education expenses or debt consolidation. If mortgage rates have increased since you bought your home, you may think twice before refinancing. Most lenders will require you to maintain at least 20% equity in your home. Time-consuming.

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Cash-Out Refinancing: How It Works, When To Do It

Best Cash-Out Refinance Lenders of 2023

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