Current Cash Out Refi Rates

What is a cash-out refinance? A cash-out refinance involves refinancing with a new loan that is larger than your current loan balance. This allows you to take the difference between your old loan and new loan in cash. The cash you receive can be used for any purpose, such as debt consolidation or home renovations.

The cash available is dependant on the home’s current value, your current loan, and, for FHA cash out refinances, FHA loan limits. There’s no stated limit to the amount of cash you can take.

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