Part 2 of 4 for Refinancing: Using A Cash Out Refinance To Renovate Your Home
Renovating your home doesn’t come cheap. Depending on whether you are focusing on the exterior or interior, and which rooms you want to redo can have your costs ranging anywhere from $8,000 to $80,000. So how can you go about getting the money to make improvements to your home? With a cash-out refinance, you’re taking out additional cash on top of what you owe on your mortgage, which can be a great way to make