A cash-out refinance -- assuming you have the equity -- might seem like a good short-term solution when you don't have enough money to pay for a major expense.
Do you have private mortgage insurance? Did you know that your lender is required to automatically cancel it when you have paid your mortgage down to a certain point?
Homeowners insurance provides essential protection against expensive damage to your home, but that doesn't mean you should file a claim every time something goes wrong.