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

You have hefty financial goals or need to make a big-ticket purchase but don’t quite have the cash on hand. A cash-out refinance could be an option if you have a sizable amount of equity in your home.

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.

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 ...

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 ...

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 ...

Some or all of the mortgage lenders featured on our site are advertising partners of NerdWallet, but this does not influence our evaluations, lender star ratings or the order in which lenders are ...

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 ...