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What is a cash-out refinance?

A cash-out refinance replaces your current mortgage with a new, bigger one and converts the difference between the two balances into cash. The terms of your refinanced mortgage might significantly ... read more

Homeowners turn to cash-out refinancing to take advantage of big gains in home equity

They can be risky, however, because if a borrower can’t pay back the loan, they may not have enough equity left to avoid foreclosure. read more

Yet another home equity offer from your bank. Should you take them up on it?

If you’ve built up a big ownership stake, like many Americans have, it can certainly be tempting. According to Bankrate’s Home Equity Study, home equity possessed by mortgage-holding homeowners ... read more

Pros and cons of a cash-out refinance

A cash-out refinance replaces your existing mortgage with a new loan for a larger amount. The new loan pays off your original mortgage and provides additional cash in a lump sum that can be used for ... read more

How to Make the Most of Your Home’s Equity in Today’s Market

If you’re a homeowner, chances are your home has grown in value. Plus, you’ve been paying down your mortgage, which means you’ve been building valuable equity. You may be able to tap into this equity ... read more

Homeowners turn to cash-out refinancing to take advantage of big gains in home equity

Homeowners are cashing in on years of home equity gains, even as mortgage rates remain elevated. The trend sent cash-out home refinancing activity to a nearly three-year high in the April-June quarter ... read more

Homeowners turn to cash-out refinancing to take advantage of big gains in home equity

Cash-out refinancing hits near 3-year high in Q2 Total tappable U.S. home equity reaches $11.6 trillion Some markets see equity drop as prices cool in Sunbelt, West Homeowners are cashing in on years ... read more