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Tribune News Service
Tribune News Service
Business
Zach Wichter

Why a cash-out refinance can still be a good idea, even as rates rise

Economic uncertainty abounds right now as inflation surges and the interest rates on all kinds of financial products rise.

Even so, homeowners may find that tapping their home equity through a cash-out refinance is a financially sound decision, despite the fact that doing so is costlier than it would have been a year ago — or even two months ago.

Here’s why a cash-out refi can still make sense, even in this economy.

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