A cash-out refinance offers benefits like access to money at potentially a lower interest rate, plus tax deductions if you ...

You’ll generally need to wait until you have at least 25% in home equity before you can get a cash-out refinance loan. Additionally, lenders may require you to have the loan for a certain amount ...

Homeowners leverage their home equity through various strategies, such as HELOCs or reverse mortgages. A newer option: Shared ...

Cash-out refinancing can be a good option for homeowners looking to tap into their home equity. With this calculator, you can see what your monthly payment and overall cost would look like with a ...

One major difference between Discover and Rocket Mortgage (aside from only the former listing its rates online) is that ...

You can access a sizable amount of money The biggest upside of a cash-out refinance is that you can get a considerable amount of money by unlocking home equity you already have — often much more ...

Lenders are rethinking traditional appraisal defaults in home equity lending as faster, data-driven alternatives offer speed, ...

With a conventional cash-out refinance, you can typically borrow up to 80% of your home equity. You can estimate how much you may be able to borrow using NerdWallet’s cash-out refinance calculator.

You'll usually need at least 20% equity in your home to qualify for a cash-out refinance. In other words, you'll need to have paid off at least 20% of the current appraised value of the house.

Take credit cards, for example. Those short-term borrowing products currently have rates averaging over 21%. Personal loan rates, while lower, still have a nearly 12% average. Meanwhile, rates on home ...