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What is a cash-out refinance? Here’s what you need to know

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