�y��vlog

“In this way, the cash-out refi provides protection from rising rates in the future, which is an advantage over a HELOC,” says Glenn Brunker, president of Ally Home.

The cash-out refi’s interest rates may be lower than those of home equity loans, too.

You can replace any current mortgages with this refi if you qualify.

Over half of respondents, 31 of 53, saw a 50 basis point hike at the October meeting, bringing the refi rate to 1.50%, with three expecting another 75 basis point move.

We reapplied for our cash-out refi, and as soon as the new appraisal was ordered, we were asked to pay $150 more than a normal appraisal because of the “large home and difficulty of the coastal town appraisals.”