3 Reasons to Consider a Cash-Out Refinance Today

Maurie Backman, The Motley Fool
·3-min read
3 Reasons to Consider a Cash-Out Refinance Today
3 Reasons to Consider a Cash-Out Refinance Today

Mortgage rates have fallen to historic lows, and while refinance rates are higher than those associated with purchase mortgages for new homes, they're still extremely competitive. In this situation, you'd take extra money out of your mortgage, use it to pay off your various debts, and then simply repay your new mortgage.