Are cash out refinances a good idea?

Updated date: Tuesday, July 8, 2025 - 19:43
Are cash out refinances a good idea?

Mortgage Guide

A cash-out refinance can make sense if you can get a good interest rate on the new loan and have a good use for the money. But seeking a refinance to fund vacations or a new car isn't a good idea, because you'll have little to no return on your money

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