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What are cash-out refinance tax implications?
You won’t owe taxes on the cash you receive from a cash-out refinance. If you use the cash to fund capital improvements on your home, the interest may be tax-deductible. Any mortgage interest you ...
Bankrate on MSN
Pros and cons of a cash-out refinance
A cash-out refinance offers benefits like access to money at potentially a lower interest rate, plus tax deductions if you ...
After years of building equity in your home, you might find yourself needing access to funds. Indeed, the average U.S. homeowner now has about $207,000 in "tappable" equity – that is, funds they could ...
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