Buying a home is perhaps the most significant purchase a person can make. But once the home is in hand, homeowners will undoubtedly find themselves in need of making repairs or upgrades to their house ...

You won’t owe taxes on the cash you receive from a cash-out refinance. If you use the cash to fund capital improvements on your home, the interest may be tax-deductible. Any mortgage interest you ...

If you've had your mortgage for a while or have built equity in your home, you may have considered refinancing. Refinancing is when you take out a new home loan to pay off the existing one to ...

Homeowners are cashing in on years of home equity gains, even as mortgage rates remain elevated. The trend sent cash-out home refinancing activity to a nearly three-year high in the April-June quarter ...

What Is a Cash-out Refinance? If you opt for a cash-out refinance, you’ll take out a new, larger mortgage to replace your existing one. You’ll then receive the difference between the two loans as a ...

The rate on a 30-year fixed refinance slipped to 6.34% today, according to the Mortgage Research Center. The 15-year, fixed-rate refinance mortgage average rate is 5.36%. For 20-year mortgage ...