If you’re sitting at a fairly high rate mortgage, there’s no reason not to shop for a refi, cash out or not. If you lower your rate (inclusive of fees), you could still accelerate your payoff, but it gives you some flexibility to improve your cash flow if needed. If you have the equity, you could do a cash out to make up the shortfall and just put it back into the mortgage if the work break doesn’t come to pass.
Statistics: Posted by castanet — Tue Dec 16, 2025 5:04 am — Replies 9 — Views 669