If your primary goal is to lower your monthly mortgage amount to improve your cash flow, then refinancing might be a better move. But do the math. Refinancing can increase your overall interest ...
If you're saddled with a high mortgage rate, refinancing can get you a better rate and terms, help you pay off your loan faster or even enable you to convert your home equity into cash.
Her expertise is in personal finance and investing, and real estate. A cash-out refinance is a mortgage refinancing option that lets you convert home equity into cash. With a cash-out refinance ...