Cash-Out Refinance: Is It The Best Way To Access The Value of Your Home? | NerdWallet

Cash-Out Refinance: Is It The Best Way To Access The Value of Your Home? | NerdWallet

A cash-out refinance replaces your current mortgage with a new, larger loan. You then receive the cash difference between the new amount borrowed and the old mortgage balance. Kate Wood breaks down the pros and cons of a cash-out refinance, how they work, how they affect your interest rate, and other information you’ll need to know before you decide if this type of home refinance works for you.

Suggested Articles:
Cash-Out Refinance: How It Works and What to Know: https://www.nerdwallet.com/article/mortgages/refinance-cash-out
When to Refinance a Mortgage: Is Now a Good Time?: https://www.nerdwallet.com/article/mortgages/when-to-refinance-mortgage
What Is an FHA Cash-Out Refinance?:
https://www.nerdwallet.com/article/mortgages/fha-cash-out-refinance?

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Cash-Out Refinance: Is It The Best Way To Access The Value of Your Home? | NerdWallet
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