Converse, Process 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. While you can’t cash out all of your home’s equity, the process gives you access to a larger sum of money without needing to sell your home.

Refinancing

Refinancing Work Debt Home Improvement

HELOC Vs Home Equity Loan: How Do They Work?

Savings Corner

APRIL 4, 2024

Some HELOCs come with a conversion option that allows you to set a fixed rate on some or all of your balance. Home equity lenders often charge a fee for variable-to-fixed-rate conversions, too. If you decide to formally apply, you can typically start the process online and upload the requested documentation to get a lending decision.

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

HELOC Vs Home Equity Loan: How Do They Work?

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