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Should you refinance your home equity loan with rate cuts issued again? Experts weigh in.

It can make sense to refinance your home equity loan as interest rates decline, but only in certain circumstances. read more

Cash Yields Are Going Down. Here’s Where to Move Your Money.

The Fed’s expected rate cuts will squeeze yields on cash while borrowers may get a break on loans. How to make the most of it. read more

Mortgage refinancing demand surges. Here's who can benefit now.

Mortgage rates have dropped significantly, fueling interest in refinancing. Here's who should consider it now. read more

How to borrow home equity while waiting for refinancing rates to fall

Mortgage refinancing rates are still elevated. Here's how homeowners can affordably borrow equity in the interim. read more

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

The different types of home equity loans

SoFi reports that home equity loans include fixed-rate loans, HELOCs, and cash-out refinancing, with options varying based on financial needs. read more

Homeowners opt for cash-out refinancing amid home equity gains

Cash-out refinances reached a 3-year high in Q2 2024. Average homeowner pulled $94K, adding $590 to monthly payment. U.S. homeowner equity hit record $17.8 trillion in Q2. About 564K borrowers now owe ... read more

Interest rates have 'dropped significantly': Here's what you should consider about refinancing

What is refinancing? When should homeowners consider it? Refinancing could save homeowners thousands of dollars during the course of their home loan. It can improve the interest rate, the terms of the ... read more

Money Matters: Refinancing your mortgage

With interest rates constantly shifting, many homeowners are left wondering: Is now the right time to refinance? On this week’s Money Matters Monday, financial expert Barry Bigelow joined the show to ... 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