The Best (and Worst) Reasons to Take a Cash-Out Refinance

Image source: Getty Images.

While it doesn't influence our opinions of products, we do receive compensation from partners whose offers appear here. We're on your side, always. See our full advertiser disclosure here.

As the name suggests, a cash-out refinance loan allows you to take cash out of your home. Perhaps you have a lot of equity in your house because property values have risen or you've been paying down your mortgage. A cash-out refinance is one way to access some of that money.

Source Fool.com