![Types of Refinance Loans: Choosing the Right Option for Your Situation](https://d1h86g9h1jpeic.cloudfront.net/ratesimple/2024/05/Images-214.png)
Types of Refinance Loans: Choosing the Right Option for Your Situation
Types of Refinance Loans: Choosing the Right Option for Your Situation - Cash-out refinance is a type of mortgage refinancing where homeowners borrow more than their outstanding mortgage balance.