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These Mortgages Pay for Home Renovations

... rates with the added home value derived from renovations, and you could save more in the long run. You’ll need at least 20 percent equity in your home to qualify for cash-out refinancing. The tota... read more

When is it smart to do a cash-out refinance?

When you refinance your mortgage, you get a new loan to replace the current mortgage. And if you have enough equity, you can do a cash-out refinance ... to spend your cash-out refi money on a long-ter... read more

What Is Cash-Out Refinancing?

Some of those home improvements can actually increase the value of your home, adding more equity back into the house. Cash-out refinancing is usually less expensive than selling your home to get money ... read more

5 things to consider before tapping your home for cash

But as home prices recover, more people have been able to tap their home's equity to pay for renovations ... than refinancing the entire mortgage through a cash-out refinance. Related: Best cities for ... read more

Cash-out refinancing up as other loan rates rise

People looking to extract equity from their homes have increasingly been turning to cash-out refinancing ... he said. Home improvement is often cited as a prudent reason for extracting equity, given t... read more

Equity-affluent Americans have options for tapping into funds

You’ve got $200,000 in equity ... home improvement or purchase, your interest payments won’t be deductible under new tax rules. Plus, with the Federal Reserve planning to ratchet up interest rates, yo... read more

Home Equity Loan – How Is It Different From Home Loan or Mortgage?

A home equity loan is generally taken for the purpose of home remodelling and improvement ... your liabilities. By taking a home equity loan at a lower rate of interest, you may be able to avoid this ... read more

What's the Best Way to Finance My Home Improvement Projects?

Or should I apply for a new home loan, like a home equity loan or line of credit? What's the difference between all of these financing options? Signed, Financing My Fixer-Upper Dear FMF, Home improvem... read more

Homeowners Are Tapping Their Equity. Should You?

After five years of rising house prices, more homeowners are unlocking some of that value to put toward renovations ... tapping your home equity through refinancing. While the sharp growth in equity h... read more

Cashing out: More Homeowners Refinancing to Tap Equity

A good number of his clients would rather take cash out through refinancing ... he said. Home improvement is often cited as a prudent reason for extracting equity, given that the value of the home — a... read more