Cash-Out Refinancing: How It Works, When To Do It
Savings Corner
APRIL 4, 2024
Cash-out refinances are generally best for big-ticket costs: Think home renovations or major debt consolidation. Determining whether you qualify: Many cash-out refinance lenders require a credit score of at least 620 and at least 20 percent equity in your home. This can be a boon for your credit score. There are no limitations.
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