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is cash out refinance taxable

Cash-Out Refinance: How Does it Affect Taxes?

    A cash-out refinance lets homeowners replace their current mortgage with a larger one, giving them access to additional funds. This option can help fund home upgrades, consolidate high-interest debt, or handle other financial needs. However, it’s essential to understand how a cash-out refinance can impact your taxes. Although the money you receive isn’t considered taxable income, the way you use it could have tax consequences.… Read More »Cash-Out Refinance: How Does it Affect Taxes?