Cash-Out Refinancing: How It Works, When To Do It
Savings Corner
APRIL 4, 2024
Cash-out refinance example Let’s say you still owe $100,000 on your home, and it’s currently worth $400,000. So, for this example, that means you need to keep $80,000 in equity, leaving you with up to $220,000 in tappable equity. For a multifamily home, for example, you can only borrow up to 75 percent.
Let's personalize your content