A cash-out refinance allows homeowners to receive in cash a percentage of their home equity-the difference between what they owe on their home (mortgage balance) and the what the home is worth (appraised value). When you cash-out refinance, the money you get back can be put towards a variety of purposes, including debt consolidation.
There are advantages and limitations to cash-out refinancing for debt consolidation, so it's not ideal for every borrower. The experts at Global Equity Finance will work with you to determine the absolute best option for getting your debt under control today.
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