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. Using the cash out for home improvements is a more prudent use.”

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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. Some lenders may also consider your work history or education. Credit score and report: Your credit score is the main factor lenders use to determine your creditworthiness.

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Savings Corner

DECEMBER 24, 2023

Key takeaways A personal loan is money you can borrow to finance large purchases, consolidate debt, invest in yourself or cover emergency expenses. Common reasons include paying off debt, financing a large purchase such as a vehicle or a boat, or covering the cost of a major expense like a wedding or a home renovation.

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Savings Corner

APRIL 4, 2024

Images by Getty Images; Illustration by Hunter Newton/Bankrate Although interest rates aren’t as favorable as they were in recent years, refinancing might make sense for homeowners who want to pull out cash to renovate their homes. Based on those benchmarks, here is our guide to the best mortgage refinance lenders in 2024.

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