 TITLE: What Can You Use a Cash-Out Refinance For? CONTENT: What Do People Use a Cash-Out Refinance For?\n--------------------------------------------\nPeople use a cash-out refinance for a variety of reasons. They include:\n*   A lower mortgage interest rate. With a cash-out refinance, you might be able to swap out a higher original interest rate (like 5%) for a lower one (like 3%).\n*   Home improvement projects like a kitchen remodel, a replacement HVAC system or a new patio deck. If you put the cash-out proceeds toward a project that increases the value of your home, the mortgage interest is tax-deductible.\n*   Emergency expenses, such as an unexpected hospital stay or unplanned car repairs.\n*   Education expenses, such as college tuition.\n*   Consolidating and paying off high-interest credit card debt. END