Looking to eliminate other debts or make a large investment? Refinancing your home to cash out your equity could be a smart solution.A cash-out refinance will allow you to access the equity in your home and receive cash at closing.
Many people choose a cash-out refinance when they want to pay off debts like student loans, car loans or credit card debts. Others use their home equity cash to finance a wedding, use as retirement income, or fund home renovations. Discuss your goals with your dedicated mortgage specialist to see if they align with the benefits of cash-out home equity.