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

Savings Corner

A cash-out refinance turns your home’s equity into cash by replacing your current mortgage with a new, larger mortgage. You can use this money for any purpose, including home remodeling , consolidating higher-interest debt , college tuition and other financial needs. This can be a boon for your credit score.

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What Is A Personal Loan?

Savings Corner

Portions of this article were drafted using an in-house natural language generation platform. Working to improve your credit score and reduce your debt-to-income ratio before applying can help get you the best loan terms. A personal loan is money borrowed from a lender that can be used for nearly any purpose.

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