Mortgage

Reasons for a cash-out refinance

Some reasons for a cash-out refinance are better than others. Learn when a cash-out refinance makes sense and when it doesn’t.

Average US homeowner sees equity increase of $17,000

The coronavirus pandemic has ravaged the economy, but U.S. homeowners with mortgages have seen their equity increase by $17,000 on average since the third quarter of 2019, or 10.8% year over year, according to a new report by CoreLogic.