What Is Cash Out Refinancing

With the majority of homeowners in the US happily sitting on mortgage interest rates between three and five percent, why on earth would anyone ever consider a cash-out refinance to get extra money?

 · A cash-out refinance can be a smart decision when the money is used to invest in appreciating assets, such as home improvements, education, investments or your overall financial security. On the other hand, it might not be worth it if the numbers don’t add.

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