For example, if your house has gone up in value, you might do a cash-out refinance that enables you to pay off your existing mortgage while taking out, say, $50,000 in home equity you've gained ...

Refinancing replaces your current mortgage with a new one, adjusting the rate, term or both. With refinancing, you can change ...

How Does Mortgage Refinance Work? Maybe you’re looking to secure a lower interest rate, change your loan term or tap into your home’s equity. Whatever the reason, here’s how refinancing a ...

A cash-out home refinancing can turn your equity into cash but there are factors to first consider. zen rial/Getty Images A cash-out refinance is one way to leverage your home equity.

A cash-out refinance allows you to replace an existing mortgage with a new one that changes the repayment term, interest rate, or both, while also accessing your home’s equity.

Say you have an existing home equity loan worth $50,000, your home is worth $400,000 and you have a balance of $200,000 remaining on your first mortgage. Your debt totals $250,000.

How does refinancing a home equity loan work? Each lender has its own process when it comes to securing financing. But here’s a general idea of what refinancing a home equity loan might look like.

A cash-out refinance for home improvements lets you tap your home’s equity to make repairs or improvements.

A home refinance means obtaining a new loan to replace your mortgage. It’s different from getting a second or additional mortgage, such as home equity loans. Refinancing your mortgage doesn’t ...

Yet some home equity loans have repayment terms that stretch as long as 30 years, and there may come a time when you’ll want to consider refinancing your original home equity loan.

Refinancing your mortgage is a significant financial decision, and knowing when to refinance is key. If you’re planning to remain in your home for years to come, extending your loan term to ...