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

Savings Corner

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. Paying down your mortgage helps build equity in your home, but you don’t have to wait until you completely repay it, or sell the property, to access that equity.

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Rent vs Buy Calculator: Should I Rent or Buy?

Savings Corner

This is a decision with many moving parts, and things change: Your down payment savings grow, you consider moving to a cheaper or more expensive area, you’re curious what happens if you spend less on a home, or more. We included ongoing payments for rent and renter’s insurance and a one-time security deposit. Is renting always cheaper?

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