Debt Homeowner Insurance Meeting Property Taxes 
Savings Corner
APRIL 4, 2024
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. The difference between the two is given to you in a lump-sum payment.
Savings Corner
APRIL 4, 2024
The money you tap from your home’s equity can be used to consolidate higher-interest debt or to improve your home. Here are a few common reasons why homeowners decide to refinance a mortgage: To lock in a lower interest rate and lower their monthly payments. Ideally, you’ll also get a lower rate in the process.
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