Savings Corner

APRIL 4, 2024

Your cost to borrow could be lower: Cash-out refinances often have lower rates than home equity loans , personal loans and credit cards. 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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Refinancing Work Debt Home Improvement 52

The Frugal Girl

FEBRUARY 18, 2024

After I became a mother, finances became much more complicated. Besides dealing with my sudden unemployment when my oldest child was a toddler, I was hoping to figure out a way to extend my time at home with him. We ending up buying our current home in 2015, when local prices and interest rates were significantly lower.

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Kids and Family Home and Garden Money Frugal 184

Savings Corner

APRIL 4, 2024

The steps may vary depending on whether you’re looking for debt consolidation loans , home improvement loans, medical loans or wedding loans. Try to boost your credit score ahead of time by paying off credit card balances and avoid applying for new credit accounts.

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Debt Credit Cards Credit Home Improvement 52

Savings Corner

APRIL 4, 2024

Cash-out refinance Caret Down When you do a cash-out refinance , you use your home equity to withdraw cash to spend. This increases your mortgage debt but gives you money that you can invest or use to fund a goal, like a home improvement project. Your credit score will temporarily take a hit.

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Refinancing Work Debt Financial Goals 52