refi investment property cash out

 · The cash-out refinance mortgage or a home equity loan can both get you the funds you need. But which is better? The answer might surprise your.

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.

2018-04-16  · A cash-out refinance can come in handy for home improvements or paying off debt. A cash-out refi often has a lower rate than a home equity loan, but make sure the rate is lower than your current mortgage rate. Calculate whether a cash-out refi is right for you.