Cash-Out Refinance, From ‘Huh?’ to ‘Ahh!’: A Simple Explainer

Cash-out refinancing (or cash-out refi) is a creative way for homeowners to borrow the money they need for big financial goals. Allow us to oversimplify for a sec. It’s kind of like using your house as a piggy bank. Except in this case, you’re finally taking out the money you’ve been putting into it (aka…

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