Keep in mind:Most lenders require a homeowner to retain 20 percent equity in their home when doing a cash-out refinance. Pros and cons of cash-out refinancing Pros Access to a large sum to put toward other financial goals Might get you a lower interest rate than current loan if rates hav...
Here are some questions to ask yourself to figure out when the time is right. Are interest rates going up or down? What does it cost to lock my rate? Can I close my home within the lock period? Keep reading, we'll a...