Cash out refinancing (in the case of real property) occurs when a loan is taken out on property already owned in an amount above the cost of transaction, payoff of existing liens, and related expenses. Strictly speaking, all refinancing of debt is "cash-out," when funds retrieved are utili...
Cash-out refinancing is an opportunity for homeowners to take out equity in their home for improvements, debt consolidation, or other needs with a new loan.
A cash-out refinance is a mortgage refinancing option that lets you convert home equity into cash. Use it with care.
A no cash-out refinance is when a loan's terms are refinanced but no cash is allocated for the borrower as spending or expense money. Learn how a no cash-out refinance works.
Learn the key differences between a cash-out refinance and home equity line of credit (HELOC) and see what could be the best option for you.
Access your home equity with a cash-out refinance. Understand what a cash-out refinance is, how to use your extra funds, and if it is the best option for you.
Use this cash-out refinance calculator to estimate how much you can borrow as well as what your monthly payments and overall cost will look like.
Interested in getting a cash-out refinance? Find and compare cash-out refinance rates from Bankrate's wide selection of lenders.
A home equity line of credit and a cash-out refinance are both ways to access value that has accumulated in your home. Another option to consider is a home equity loan.
A cash-out refinance lets you use your home equity to pay for anything you want—and therein lies its allure. Want to increase the square footage of your home? Keep your kid out of student-loan debt...