While refinances declined in May from the prior month, company data shows a significant year-over-year increase.

Key takeaways Refinancing your mortgage makes sense if you can reduce the interest rate by one-half to three-quarters of a ...

Your home may be worth $1 million, but equity isn’t cash. Learn what affects how much you can actually borrow or keep when ...

If you decide to lock in a new, lower mortgage rate, switch loan products or tap equity by refinancing, here are the closing costs to watch out for ... MORE: Mortgage calculator: Should I buy ...

A cash-out refinance loan allows you to refinance ... quick online quotes, a lineup of calculators, a robust learning center and live chat support. Better Mortgage Company, known as Better ...

A cash-out refinance lets you turn a portion of your ... If you do qualify, though, there are two ways to calculate the home office deduction. The simplified option gives you a standard deduction ...

Andrea Riquier is a former Staff Writer at Forbes Advisor. She is a New York-based writer covering mortgages and the housing market. She was previously at Dow Jones MarketWatch, on the housing ...

They might even find themselves in need of funds for other big-ticket items. One solution is a cash-out refinance mortgage—a loan that replaces the owner’s first mortgage with a bigger one.

Choosing cash-out versus rate-and-term Now, if you decide to go for it, there are two main types: First, there’s rate-and-term refinancing. Think of this as a tune-up for your mortgage.

If you want to use your refi to consolidate debts or access money for repairs or other expenses, consider a cash-out refinance or limited cash-out refinance. Refinancing a mortgage means replacing ...

You can use a refinance to turn some of your home equity into cash, but it’s also possible to hold onto your home equity and merely swap out your mortgage for a new loan with different features.