Accessing the equity in your home can help you move forward on your financial goals, whether you're planning major renovations, consolidating high-interest debt, or building long-term stability.
Hosted on MSN
What is a cash-out refinance?
A cash-out refinance replaces your current mortgage with a new, larger one. It includes the remaining balance of your original loan plus an additional amount that you’ll withdraw in cash. This cash ...
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 ...
After years of elevated borrowing costs, homeowners finally began to see some relief in late 2025. The Federal Reserve's December rate cut, the third of the year, capped off a series of moves that ...
How does refinancing a mortgage work? A mortgage refinance swaps out your old mortgage with a new one, including a fresh set of terms and interest rate. It may or may not come with financial benefits, ...
Some results have been hidden because they may be inaccessible to you
Show inaccessible results