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Cash-out refinance: What it is and how it works

A cash-out refinance replaces your current mortgage with a new, bigger one that converts some of your home’s equity to cash. The terms of your refinanced mortgage might significantly differ from your ...
CBS News

Home equity loan vs. cash-out refinance: Which is better in today's rate environment?

Rising interest rates have put pressure on the real estate market, and many participants are unsure about how to manage loans. However, current homeowners may have seen the value of their properties ...
Bankrate on MSN

Pros and cons of a cash-out refinance

A cash-out refinance offers benefits like access to money at potentially a lower interest rate, plus tax deductions if you ...
AOL

Cash-out refinance explained: How it works — and when it can make sense

After years of building equity in your home, you might find yourself needing access to funds. Indeed, the average U.S. homeowner now has about $207,000 in "tappable" equity – that is, funds they could ...
AOL

What are cash-out refinance tax implications?

You won’t owe taxes on the cash you receive from a cash-out refinance. If you use the cash to fund capital improvements on your home, the interest may be tax-deductible. Any mortgage interest you ...