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Does Cash Out Refinance Debt Consolidation Loan Lowers CR?

Does Cash Out Refinance Debt Consolidation Loan Lowers CR?

This is a discussion on Does Cash Out Refinance Debt Consolidation Loan Lowers CR? within the Mortgage Refinancing forums, part of the Mortgage and Loans Forum category; If i refinance for more, pay off all credit cards will the credit score go down? What if i keep ...

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Mortgage Refinancing If your current mortgage has a high interest rate, you’re stuck in an adjustable rate mortgage, or you want cash out or to consolidate your debt, the answer to your mortgage problems is refinancing. Mortgage refinancing allows you to pay off the remainder of your existing loan by taking on a new loan with better terms. However, there are a number of mortgage refinancing options available to you. And within each of these options, there are particulars you need to be aware of.

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11-03-2008, 09:38 PM

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Does Cash Out Refinance Debt Consolidation Loan Lowers CR?

If i refinance for more, pay off all credit cards will the credit score go down? What if i keep the cards open? How does that affect credit score? What if I close the cards? How does that affect credit score? b.../b

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