Oh, what a time to refi.

Harnessing the twin trends oflow interest ratesandhigh property values, homeowners continue totap their equitythrough cash-out refinances.

But there are plenty of Americanswho could still benefitby taking action now.

As rates increase, the refi market naturally tends to shift toward a higher volume of cash-out refis.

The overall trend toward an equity-centric refi market remains strong."

What are the benefits of refinancing right now?

Read more:How to refinance your home

And waiting too longcouldcost you.

What should you do if you recently completed a cash-out refi?