An alternative to home equity loans, cash-out refinancing can provide you a better rate, cash-out refinances still have income and credit score requirements .
A cash-out refinance is a way to get equity out of your home to pay off debt, renovate your home, What are the Requirements for a Cash-Out Refinance?
PURCHASE AND "NO CASH-OUT" REFINANCE MORTGAGES** (Fixed-Rate and ARMs) ** See chart below for LTV/TLTV/HTLTV ratios and other requirements for a "no cash-out" refinance of a mortgage currently owned or securitized by Freddie Mac.
The value of homes of people who sought cash-out refinancing in the fourth quarter of 2011 didn. Those banks that still make these loans have raised their credit requirements and dropped the amount.