Both a cash-out refinance and a home equity loan can help you utilize built-up equity for any financing need. How much you can borrow depends on how much equity you have and your creditworthiness.

Cash-Out Refinance vs. Home Equity Loan: An Overview A cash-out refinance pays off your old mortgage in exchange for a new one, ideally at a lower interest rate than your current mortgage.

Cash-out refinancing vs. home equity loan: Which is better with rates on hold? Each homeowner's financial situation is different and, in some instances, a cash-out refinance may be preferable.

Multiple benchmark refinance rates trended upward this week, but refinancing could be still make sense for other reasons.

Unlike a cash-out refinance, you get a separate loan with fixed rates, terms of 5 to 20 years and often lower or no closing costs. A home equity line of credit (HELOC) is a close cousin of the HELoan.

Multiple key refinance rates ticked downward. If you're hoping to refinance your home, keep an eye out for lower rates.

The Federal Housing Administration (FHA) cash-out refinance loan allows you to refinance your mortgage, typically at a lower interest rate, and pull out up to 80% of the equity that you have in ...

A cash-out refinance lets you tap into your home's equity to pay off other debts. By refinancing for more than you owe, you can use the extra cash to handle high-interest debt such as credit cards ...

Cash-out refinance vs. home equity loan vs. HELOC Understanding the differences between these three equity-tapping options can help you make a more informed decision that fits your budget and ...

If you refinance your home with a new loan amount of $320,000, you’ll get to keep the $120,000 difference between your new and old mortgage (minus closing costs and fees).

A cash-out refinance also lets you turn a non-VA loan into a VA-backed loan. Unlike a second mortgage, which adds another lien to your property, a VA cash-out refinance combines everything into ...