A Cash-Out Refinance is a mortgage refinancing option that allows you to turn home equity into cash. This can be a great way to pay for home improvements, college tuition, or other expenses.Cash-out refinancing typically has lower interest rates than personal loans or credit cards, and the interest may be tax deductible. It also allows you to lock in today's low mortgage rates while preserving your home's equity.To qualify for a cash-out refinance, you'll need to have enough equity in your home and meet certain credit requirements. Contact a lender today to learn more about this financing option and see if it's right for you.