Duane Buziak Explains: 6 Ways to Decide Between a Cash Out Refinance vs HELOC

7 Proven Strategies to Navigate First Time Homebuyer Programs in Virginia (2026 Guide)

A cash-out refinance replaces your whole mortgage, while a HELOC adds a second line and leaves your first mortgage alone. This guide to cash out refinance vs HELOC gives six checks, starting with the rate gap on your existing loan, so you can see which option costs less, using a free soft-pull comparison with no hard inquiry.