Homeowners Cashing Out Equity

"During the second quarter, 74 percent of mortgage refinancings were 'cash-out' refinancings, the highest level since the fourth quarter of 2000" according to mortgage lender Freddie Mac.

Homeowners were able to take advantage of low interest reates but that's getting increasingly harder to do as interest rates increase. Check out the article below, it discusses when you might be better off using your home equity line of credit as opposed to a home equity loan.

Homeowners opt to 'cash out' equity [AZ Republic]