We recommend cash-out refinancing to borrowers who want to consolidate debt by switching to a larger mortgage in exchange for closing their other debt accounts. In contrast, cash-in refinancing is recommended for borrowers that receive an unexpected cash inflow and want to pay off their loan early. With that said, these are just recommendations—ultimately, the decision depends on your circumstances. If you’re seeking personalized advice, consider attending a consultation with one of our expert mortgage consultants.