Mortgage Refinancing: What Is It And How Does It Work?
Savings Corner
APRIL 4, 2024
Here’s generally how it works: The lender will do a credit check. You’ll turn in any required financial documentation. You’ll pay for a home appraisal. But there’s one key difference: You use the cash from the equity you’ve built in your home to repay other non-mortgage debt, like credit card balances.
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