3 Bad Reasons to Do a Cash-Out Refinance

·3 min read
3 Bad Reasons to Do a Cash-Out Refinance

You could do a standard refinance where you borrow your exact mortgage amount, or you could do a cash-out refinance where you borrow more than what you owe on your home and then use the extra money for whatever purpose you'd like. A cash-out refinance could help you consolidate large debt, make improvements to your home, or pay for expensive repairs you've been putting off.

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