Refinance Considerations
When you're making your decision, there are several things to keep in mind.
Build Home Equity Faster
Many borrowers use a refinance to shorten the term of the mortgage.
Get Your Hands on Some Cash
Another way to make a refinance work for you is to refinance for more than
the balance remaining on your old mortgage -- in effect, tapping your home
equity, or "cashing out," in mortgage speak.
