Tap into your home's equity with a cash-out refinance. Unlike a home equity loan or home equity line of credit (HELOC), with a cash out refinance, you withdraw cash one time and repay through your regular monthly mortgage payment.
Lower interest rate and monthly payment especially if rates have dropped or you have improved your credit profile since your bought your home
Access to the equity in your home to use how you want including improving your home, consolidating debt, paying for college tuition, or paying for medical expenses
Unlike a line of credit a cash out refinance gives you a fixed, regular monthly payment, so there are no surprises
