What Is an FHA Cash-Out Refinance?

An FHA cash-out refinance allows you to draw on the equity you’ve built in your home. The FHA cash-out program can be a good option for homeowners who need funds for home improvements or to achieve a credit-building goal. FHA loans, including refinances, are insured by the Federal Housing Administration (FHA). Relaxed qualification requirements generally…

The article What Is an FHA Cash-Out Refinance? originally appeared on NerdWallet.