This ensures you have just one monthly payment, rather than the two a home equity loan or HELOC would come with. You may need more than 20% equity in your home for a cash-out refinance ...

Fortunately, there are still viable ways in which homeowners can get equity out of their home without having to refinance.

A fixed rate can protect you when general interest rates are rising. However, with some fixed-rate HELOCs, you can end up ...

Ashley is a lead editor of mortgages and loans at Forbes Advisor. She graduated from Utah Tech University with a bachelor’s in English with an emphasis in creative writing. She began her career ...

The advantages of refinancing a mortgage can include lowering your interest rate, changing your loan term and unlocking some ...

Instead of getting a second mortgage like a home equity loan or HELOC, you could replace your first mortgage by refinancing. A cash-out refinance lets you tap into your home's equity while ...

Home equity is the appraised value of your property minus the amount of your outstanding mortgage balance — the portion of ...

Regardless of why you want to refinance, it’s important to shop around for lenders that offer the best terms and customer support.