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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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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. Once you’ve zeroed in on your loan amount, run some numbers using a personal loan calculator. Most lenders have websites with secure portals you can use to upload requested documents.

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