There's a strong argument to be made for borrowing with a HELOC over a cash-out refinance now. Here's what to know.

A cash-out refinance is a financial product that replaces your mortgage with a new one and provides you with the difference in cash while also allowing you to negotiate a new interest rate and/or ...

But a cash-out refinance does just that — by replacing your existing mortgage, you can draw a lump sum from the value accrued in your home. There are considerations to weigh, of course.

The key difference is that, with a simple refinance, you can defer closing costs by rolling them into the mortgage and paying ...

Refinancing your home loan can help you pay off other debt, especially if you qualify for a cash-out refinance. Learn more about this debt payoff strategy.

Refinancing your home involves replacing your old mortgage with a new one. This can lower your monthly payment, but the costs may outweigh any potential savings.

A cash-out refinance is a type of loan that replaces your existing mortgage with a new, bigger mortgage, letting you “cash out” the difference to your bank account. The new loan pays off your ...

Though HELOCs have variable interest rates and are subject to change, there have been numerous drops in HELOC borrowing rates ...

Thinking about paying off your mortgage early? Learn the pros, cons, and smarter alternatives to help you decide what’s right ...

D.C. (Cash-out refinancing not available in Texas) Online lender Pennymac is one of the largest mortgage companies in the nation, originating $99 billion in home loans in 2023. It earned an A+ ...