How to Use Home Equity for Cash the Right Way

As interest rates fall and home prices rise, people with equity in their homes often think about using this wealth to take cash out of the house. That is commonly known as “taking money out of your house” or “cash-out refinancing.The interest rates are at historic lows. The cost of borrowing on a home equity line has never been cheaper, so why not take advantage of it? But this is often the wrong move.