Whatever way you prefer to use the cash is up to you. The equity appreciation in your home is yours to access with a refinance. Any upcoming large expenses such as a kitchen or bathroom upgrade to install new cabinets, flooring, or buy new appliances for those room can be solved.
With a cash-out refinance from 1st Nationwide Mortgage, an experienced lender, the process will be a breeze, and by the time 3-4 weeks passes, your funds will accessible to do what you wish.
Fixed Loan A 30-year fixed is still the most popular loan because the payment never changes and rates are still near historic lows -- great for taking cash out.
FHA Loan A very popular loan for cash out because it can go to 85% Loan-to-Value ratio.
VA Loan A great choice for veterans and active service members to cash out up to 90% of the homes value.