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KNOWLEDGE CENTER: Feeling left out of the housing market boom? Why refinancing your current home may be a better option [Column]

KNOWLEDGE CENTER: Feeling left out of the housing market boom? Why refinancing your current home may be a better option [Column]
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World Bank Loan Service Provider Headquartered in United States offers debt consolidation loan

World Bank Loan Service Provider Headquartered in United States offers debt consolidation loan
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Financial 101: The Pros and Cons of Consolidating Debt with Home Equity


by Sponsored // May 4, 2021 10:58 AM
Debt consolidation title with written calculations.
It’s easy for debt to creep up, resulting in multiple payments that add up to a sizeable chunk of your monthly income. This has been especially true during the pandemic, with many families relying on credit cards to meet basic needs as they watched their paychecks shrink or disappear.
As home values skyrocket, it’s tempting to tap into that equity to relieve the financial pressure. That can be a helpful strategy – but it’s not without risks. Here’s what you need to know to make a wise financial decision about consolidating debt using home equity. ....

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