Normally when someone has a low mortgage rate, they don’t refinance into a higher one ...

Are you saddled down by debt? If so, you may be eligible for a cash-out refinance to make your debt load more manageable. But is this a smart financial move? It depends on your financial situation.

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.

While a cash-out refinance has many benefits, it’s important to consider both the pros and cons of this financial product before applying for one. A cash-out refinance lets you tap into the equity you ...

Content provided by Credible, which is majority owned by Fox Corporation. Credible is solely responsible for this content and the services it provides. Our goal here at Credible Operations, Inc., NMLS ...

When someone gets a VA cash-out refinance, they are applying for a new loan, a new interest rate and new monthly payments. Veterans who qualify can apply for this loan in order to receive cash based ...

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 ...

Compare today’s best mortgage refinance rates, compiled from hundreds of loan offers and analyzed by Investopedia’s mortgage rate experts.

You’ve built up a significant amount of home equity and want to convert it into cash. Two common options are cash-out refinances and home equity lines of credit. Both can be appealing, but it’s worth ...