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    clude both a payoff of debts and cash being given to the borrower. People can often cash out 100% or 125% of the value of their
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    Refinancing

    Borrowers often use a refinance to consolidate debts. This is using the equity in a property to pay off consumer debts such as:

    credit cards
    car loans
    student loans
    department store cards

    These debts are paid off with proceeds from a refinance. This can be desirable because:

    lower overall monthly payments
    potential tax deductions of mortgage payments
    single payment instead of multiple consumer loan payments

    This type of refinance can include both a payoff of debts and cash being given to the borrower. People can often cash out 100% or 125% of the value of their

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    er debts such as:

    credit cards
    car loans
    student loans
    department store cards

    These debts are paid off with proceeds from a refinance. This can be desirable because:

    lower overall monthly payments
    potential tax deductions of mortgage payments
    single payment instead of multiple consumer loan payments

    This type of refinance can include both a payoff of debts and cash being given to the borrower. People can often cash out 100% or 125% of the value of their

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    off with proceeds from a refinance. This can be desirable because:

    lower overall monthly payments
    potential tax deductions of mortgage payments
    single payment instead of multiple consumer loan payments

    This type of refinance can include both a payoff of debts and cash being given to the borrower. People can often cash out 100% or 125% of the value of their

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    uctions of mortgage payments
    single payment instead of multiple consumer loan payments

    This type of refinance can include both a payoff of debts and cash being given to the borrower. People can often cash out 100% or 125% of the value of their

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    clude both a payoff of debts and cash being given to the borrower. People can often cash out 100% or 125% of the value of their property.

    Big Surprises

    People can run into unexpected surprises in their refinances.

    A very big surprise can be a lender insisting on paying off one of your "debts" that is on your credit report that you don't want to pay off.

    These debts may include:

    errors that are on your credit report
    debts that you have co-signed on

    Before you do a refinance you need to make sure that your credit report is accurate. You may need to show a lender proof of payment for a debt tha

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