Cash-Out Refinancing: Considering 3 Issues
Whether you need serious home repairs or want to consolidate your debt, cash-out refinancing your mortgage loan is a worthwhile solution. In this kind of refinancing, you seek a loan covering more than the house is worth; when the amount you've already paid on the house is subtracted from the new loan amount, you will then be given the difference. You can receive thousands of dollars in cash as a result.