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

Savings Corner

Your cost to borrow could be lower: Cash-out refinances often have lower rates than home equity loans , personal loans and credit cards. You can improve your credit: If you use your equity to consolidate debt, your credit utilization could drop. This can be a boon for your credit score.

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Meet a Reader | JenRR from the Midwest

The Frugal Girl

As our family and household income grew, my husband and I made it a goal to put more money aside for emergencies, retirement, college, home improvements, etc. We ending up buying our current home in 2015, when local prices and interest rates were significantly lower. What’s your best frugal win? Childhood joy.

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How To Get A Personal Loan In 8 Steps

Savings Corner

The steps may vary depending on whether you’re looking for debt consolidation loans , home improvement loans, medical loans or wedding loans. Personal loan lenders may charge origination fees up to 10 percent of the amount you borrow, and the cost is typically deducted from your loan funds.

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