A cash-out refinance loan allows homeowners to tap into their equity by replacing their existing mortgage with a new one for a higher amount, providing them with funds for various expenses. This financial strategy can be advantageous for those looking to consolidate debt, make home improvements, or finance significant purchases while potentially securing a lower interest rate. https://www.bcpmortgage.com/post/can-i-get-a-bank-statement-cash-out-refinance-loan