Both offer viable ways to borrow $50,000 worth of home equity, but only one has timely benefits worth knowing now.

The rate on a 30-year fixed refinance is 6.34% today, according to the Mortgage Research Center. The 15-year, fixed-rate ...

If you meet the minimum requirements, refinancing a home equity loan may lower your interest rate and reduce your monthly payments. Some or all of the mortgage lenders featured on our site are ...

The rate on a 30-year fixed refinance climbed to 6.35% today, according to the Mortgage Research Center. For 15-year fixed ...

Refinancing is the process of changing your home loan or mortgage to new terms, including the interest rate, the loan duration and the loan type. A home equity loan, often called a second mortgage, is ...

Splitero reports that homeowners can access equity through cash-out refinances or home equity investments, each suited for ...

SoFi reports refinancing a mortgage replaces an old loan with a new one, potentially offering better terms, but costs must be ...

Text Callout : Key Takeaways - Pros and Cons of Refinancing a Mortgage Refinancing a home could help you achieve short- and long-term goals. But in many cases, refinancing isn't the only or best ...

An economist warns that refinancing may not benefit homeowners planning to move soon, emphasizing the importance of the ...

Angelica Leicht is the senior editor for the Managing Your Money section for CBSNews.com, where she writes and edits articles on a range of personal finance topics. Angelica previously held editing ...

Refinancing a home equity loan can lower monthly payments and lengthen or shorten your loan term. Drawbacks to refinancing a home equity loan include prepayment penalties and closing costs.