What is Cash Out Refinancing?

2017-12-01T10:25:16+00:00July 23rd, 2014|Refinancing|

What is cash-out refinancing, and when does it make sense? Basically, the definition of cash-out refinancing is this: you refinance your mortgage for more than you currently owe, then pocket the difference. Sounds like a pretty good option, right? Well, not always. It depends on a number of factors like interest rates and the equity [...]