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. Cash-out refinances are generally best for big-ticket costs: Think home renovations or major debt consolidation. This can be a boon for your credit score.
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