Make home improvements with a cash-out refinance

By Rate on 6/13/2019

Tags: refinance home improvement

Turn home equity into liquid assets with a cash-out refinance.

If you need to borrow money for home improvements, a cash-out refinance could be just right. A cash-out refinance of your existing mortgage can turn home equity into liquid assets. By using a lower interest rate from a cash-out, your renovations could cost less than if you put the improvements on a credit card.

Elevate your home’s value by re-investing money gained from a cash-out refinance into home improvements. Here are a few ideas that could be worth pursuing with a cash-out refinance:

Upgrade your kitchen
Renovate your master bathroom
Finish your basement
Build your backyard patio

Source: https://www.bankrate.com/finance/refinance/pros-and-cons-of-cash-out-refinance.aspx

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