You can use the cash for home improvements or anything else you need – debt consolidation, tuition or even a newer car. Let’s look at how cash-out refinancing works, and what you need to know about using cash from your home for repairs and renovations. If cupboard and storage space is limited in your kitchen, just look up. Overhead pot racks can hold your bulky kitchen items right where you need them while making a rustic design statement in your home. Check out your home’s basement, and where there are I-beams or wooden support beams in the ceiling, that’s where the home’s weight rests and you can’t remove walls above it. Small homes come with even smaller nooks and crannies that feel dark, dingy, and end up making the room feel smaller when they’re ignored.
- If you refinance at the right time, you could find yourself in an even better