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

Savings Corner

You can use this money for any purpose, including home remodeling , consolidating higher-interest debt , college tuition and other financial needs. Cash-out refinances are generally best for big-ticket costs: Think home renovations or major debt consolidation. That means you have $300,000 in equity.

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Allstate Insurance Review 2024 | Bankrate

Savings Corner

Our award-winning editors and reporters create honest and accurate content to help you make the right financial decisions. Our award-winning editors and reporters create honest and accurate content to help you make the right financial decisions. For more information, please see our Insurance Disclosure.