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

Savings Corner

Cash-out refinances are generally best for big-ticket costs: Think home renovations or major debt consolidation. Determining whether you qualify: Many cash-out refinance lenders require a credit score of at least 620 and at least 20 percent equity in your home. Using the cash out for home improvements is a more prudent use.”

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Meet a Reader | Lina from Germany

The Frugal Girl

My education. I wouldn’t be where I am today without my education. And I mean continuous education. Funnily enough, my answer here is also education-related. Use it for some renovation/home improvement projects and give some to a charity. What’s your best frugal win?

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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. Some lenders may also consider your work history or education. Credit score and report: Your credit score is the main factor lenders use to determine your creditworthiness.

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Best Mortgage Refinance Lenders In 2024

Savings Corner

Images by Getty Images; Illustration by Hunter Newton/Bankrate Although interest rates aren’t as favorable as they were in recent years, refinancing might make sense for homeowners who want to pull out cash to renovate their homes. Based on those benchmarks, here is our guide to the best mortgage refinance lenders in 2024.

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What Is A Personal Loan?

Savings Corner

Common reasons include paying off debt, financing a large purchase such as a vehicle or a boat, or covering the cost of a major expense like a wedding or a home renovation. You might, for example, be offered financing by a home improvement store when you buy an appliance. Can anyone get a personal loan?

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