Tips on tapping into home's equity through refinancing

 
Ellen James Martin
Published: June 14, 2008

Until a few years ago, it was an extremely common practice among homeowners to pull money out of their property through a "cash out” mortgage refinance.

People used the funds for a huge array of purposes, from buying boats to taking lavish vacations in Hawaii.

But the practice of bankrolling one's dreams by tapping home equity has slowed dramatically. One obvious reason is that there's less equity to tap — giv...


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