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Cash-Out Refinancing: How It Works, When To Do It

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Christina Zelow Lundquist/ Getty Images; Illustration by Austin Courregé/Bankrate Key takeaways Cash-out refinancing allows you to turn equity into cash through refinancing your mortgage. While you can’t cash out all of your home’s equity, the process gives you access to a larger sum of money without needing to sell your home.

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How To Get A Personal Loan In 8 Steps

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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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