Cash-Out Refinancing: How It Works, When To Do It
Savings Corner
APRIL 4, 2024
Paying down your mortgage helps build equity in your home, but you don’t have to wait until you completely repay it, or sell the property, to access that equity. 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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