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  • July 14, 2023

Strategic home improvements can substantially increase your home’s value (read: price tag at selling time), but they come at a cost. Often, a well-into-the-five-figures cost. If you don’t have the savings to cover the project — or don’t want to deplete them to do so — it’s worth exploring how refinancing your mortgage can help pay for it.

It can be a savvy financial move. But refinancing for home improvement has its risks, too. Let’s dig into the pros and cons.

How refinancing for home improvement works

Refinancing for home improvement involves a specific type of transaction, called cash-out refinancing

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