“Lenders want to protect homeowners from owing too much, so many limit the amount you can borrow on a cash-out refinance. A ...

Average mortgage refinance rates have been volleying between 6.5% and 7% as fears of both higher inflation and an economic ...

5. You Need to Access Home Equity With a cash-out refinance, you can borrow enough to pay off your current mortgage along ...

Ever thought about refinancing your home? It could be a good money money, but be careful it's not a financial trap.

Annual spending on home improvements has been down in recent years, but that’s expected to change in 2025 with a 1.2% increase in renovation spending, according to a report by the Joint Center for ...

How soon you can pull equity out of your home is not so much about time as it is about the size of your ownership stake. Most ...

Standout benefits: Rocket funds cash-out refinancing for qualified borrowers at 100% equity, compared to most competitors' 80% to 90% cap. Who's this for: LoanDepot is one of few lenders with ...

Refinancing for home improvement involves a specific type of transaction, called a cash-out refinance. In a cash-out refinancing (cash-out refi for short), you replace your existing mortgage with ...

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've been thinking of refinancing your home loan, these brief descriptions will give you the background information needed to help you discuss your options with lenders.