A cash-out refinance offers benefits like access to money at potentially a lower interest rate, plus tax deductions if you itemize. On the downside, a cash-out refinance increases your debt burden and ...

Splitero reports that homeowners can access equity through cash-out refinances or home equity investments, each suited for ...

Buying a home is perhaps the most significant purchase a person can make. But once the home is in hand, homeowners will undoubtedly find themselves in need of making repairs or upgrades to their house ...

What Is a Cash-out Refinance? If you opt for a cash-out refinance, you’ll take out a new, larger mortgage to replace your existing one. You’ll then receive the difference between the two loans as a ...

We may receive commissions from some links to products on this page. Promotions are subject to availability and retailer terms. While a HELOC comes with a variable interest rate subject to change and ...

Home equity is at historic highs. If you've faithfully paid your mortgage over the years, you've likely built up quite a bit of it yourself. According to the Federal Reserve, American homeowners are ...

Paying down non-housing-related bills or debts, such as credit card balances, and long-term credit score improvement are two benefits from cash-out refinancing, the Consumer Financial Protection ...

Home equity continues to ride high in the final quarter of 2025, according to data from ICE Mortgage Technology, with roughly 48 million homeowners sitting on $11.2 trillion in tappable equity.

Matt Richardson is the senior managing editor for the Managing Your Money section for CBSNews.com. He writes and edits content about personal finance ranging from savings to investing to insurance.