Cash out refi on my primary?

[Chris Webb]

I have 130k in equity in my primary residence at 4%. I believe if I do a cash out refi I could get a slightly lower rate and pull out 65k. I am confident I can get that cash to return at at least 8% and probably higher. I would not have a problem covering the higher mortgage payment. To me this seems like a no brainier but my wife is a little more skeptical. Is this a good idea? Is there anything else I should consider on this?