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Cash-Out Refinancing: How It Works, When To Do It

Savings Corner

Christina Zelow Lundquist/ Getty Images; Illustration by Austin Courregé/Bankrate Key takeaways Cash-out refinancing allows you to turn equity into cash through refinancing your mortgage. The terms of your refinanced mortgage might significantly differ from your original loan, including a new rate or longer or shorter loan term.

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Should You Save Or Invest Your Money?

Prairie Eco-Thrifter

By throwing my spare cash at my high interest credit card debt, I would be saving money by reducing the amount of interest I would have to pay. This tactic will generally work best with high interest debts like credit cards rather than lower interest loans like mortgages. No Cost Refinancing – Pros and Cons.

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HELOC Vs Home Equity Loan: How Do They Work?

Savings Corner

HELOCs (home equity lines of credit) come with variable interest rates and fluctuating monthly payments (like credit cards). Home equity lines of credit (HELOCs) and home equity loans are two similar finance tools — methods of borrowing money against the ownership stake you have in your home. HELOC: What is it?

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Yakezie Carnival October 16, 2011- Growth Edition

Prairie Eco-Thrifter

Yeah, There’s a Calculator for That Refinancing your mortgage to a lower rate and paying the same amount is an interesting sound-byte from Personal Finance Bloggers – but has anyone really run the numbers? Money Reasons: Why I Got An American Express Blue Cash Card MR loves reward credit cards.

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