A cash-out refinance replaces your current mortgage with a new, larger one. It includes the remaining balance of your original loan plus an additional amount that you’ll withdraw in cash. This cash ...

Accessing the equity in your home can help you move forward on your financial goals, whether you’re planning major renovations, consolidating high-interest debt, or building long-term stability.

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 ...