Please choose the correct ending to complete the given sentence: Home and Garden: [header] How to pay for home remodeling [title] Refinance your mortgage using the " cash out " method. [step] A popular method of funding home improvements is called a cash out refinancing. This means swapping your existing mortgage for a new one, and converting some of your accumulated home equity into cash in the process.

Ending1: This is an especially tactful move if interest rates are low. However, be aware that doing this reduces the amount of equity you have in your home, and thus will extend the amount of time you spend making mortgage payments. Ending2: This works by reducing the amount of equity the outside lender pays up front to decrease the monthly cost. [substeps] If you are borrowing money from a foreign bank to refinance your home, make the purchase through the " cash out " method. Ending3: This process makes it possible for you to make a sizable reduction in rent, construction costs, and develop improvements. [substeps] Gather as much of your past refinances as possible at once. Ending4: Prior to refinancing, you will need to exchange this money for any leftover new money. The refinance method is useful and may also reduce the cost of adding in additional home improvements.

Answer format: ending1/ending2/ending3/ending4