Lower interest rates make a refinance home loan attractive to borrowers in a financial bind. Lenders will be comfortable to lend the money no matter how large the loan amount needed as long as borrowers could prove ownership of their homes. If you need quick cash, then read on.Your Home Is Your WealthIf you are thinking of consolidating your debts and hoping to decrease your monthly bills, a refinance home loan is your ticket out of debt. Your home, which is your wealth, is your equity to qualify for a fast loan.A refinance home loan carries lower interest rates compared to a purchase mortgage. Like all other loans, exercise caution when taking out this loan. You must be able to have all the information – how much you can save from lowered monthly bills and how much you will have paid for the entire loan term. Remember that you are putting your home on the line, hence, the precaution. To make an informed decision, use the online mortgage calculator to see how far it will take you to pay off your loan.Be ready with the requirements for the refinance home loan to eliminate wasted time and effort. Get copies of your credit report. This will help you decide if you want to go on with a refinance home loan. A poor credit score will jack up interest rates.With this scenario, would you still be willing to get a loan considering that you have a stack of credit card debts to pay? Find out if you need to go through all this trouble. Most likely you will still find that a refinance home loan is the only way to get out of debt.Perhaps you have other reasons for getting a refinance home loan such as:1. switching to another mortgage rate.2. getting a different loan term.3. paying for a big expense.4. have extra cash.Whatever your reason, you have the right to take out a loan, provided you can afford it. Several companies can help you make the right choice without the guesswork. You just need to know where to lookThe Cash-Out OptionThis option allows you to borrow money above the value of your home. Although this presents a pretty solution to resolve your debts, it may not always be the best option for the following reasons:1. expensive closing costs.2. entails more cost because of PMI payments.3. cash out financing will bloat your monthly payments.But if you are thinking of long term business investments, the cash out option is a viable choice. You can use the cash to improve your home to increase its value, or purchase equipment to enhance your business operations. The cash-out option from refinance home loan pays dividends faster when you have a sure income generating project in mind.So use the cash-out from your home equity and build a better future for your family. Since your home is your wealth, use your refinance home loan wisely.