Here's how it works: With a cash-out refinance, a lender gives you a new loan that is usually up to 80% of your home's value.

A cash-out refi lets you tap your home equity in cash. See if it’s right for you.

Home equity continues to ride high in the final quarter of 2025, according to data from ICE Mortgage Technology, with roughly 48 million homeowners sitting on $11.2 trillion in tappable equity.

After years of elevated borrowing costs, homeowners finally began to see some relief in late 2025. The Federal Reserve's December rate cut, the third of the year, capped off a series of moves that ...