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David Nash replied to the topic Is a Cash-out Refinance a Good Idea? in the forum Manage your debt 7 years, 3 months ago
Consolidating your debt into a lower interest / lower cost situation can make sense. You should think about several things before doing this however. First, what are the upfront costs of the refinance? If you are paying points to lower the interest rate, that just adds to your debt. A home equity line of credit might make more sense. Less…[Read more]