Mortgage Refinance to Pay Off Debt: Do It Right
Some homeowners refinance to pay off debt, such as credit card balances. They accomplish this with a cash-out refinance: getting a mortgage for more than they owe on the home, taking the difference in cash and paying off high-interest debt with it.
Original Article Source Credits: NERDWALLET , https://www.nerdwallet.com/
Article Written By: NERDWALLET
Original Article Posted on: Dec. 3, 2019
Link to Original Article: https://www.nerdwallet.com/blog/mortgages/refinancing-mortgage-pay-off-debt-right/