What homeowners should know about cash-out refinancing

—Courtesy of BrandpointAfter years of making regular mortgage payments, the homeowner feels good to watch their net worth make upward progress. That’s especially true if their house is also gaining value. With a growing amount of equity comes peace of mind, knowing there is the option of tapping into it when they want.
Whether it’s time for a new roof or a need to consolidate debt, homeowners may view a traditional cash-out mortgage refinance as the ideal tool to access the money needed. However...

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