Savings Corner

APRIL 4, 2024

A cash-out refinance turns your home’s equity into cash by replacing your current mortgage with a new, larger mortgage. You can use this money for any purpose, including home remodeling , consolidating higher-interest debt , college tuition and other financial needs. That means you have $300,000 in equity.

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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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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. Personal loan qualification requirements Your credit score , income and debt are usually evaluated by personal loan lenders to see if you qualify.

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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. You could tap into your home’s equity and take cash out at closing.

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