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Cash-Out Refinance or Home Equity Loan?
Cash-Out Refinance or Home Equity Loan? I'm currently going through an amicable divorce and will need to get my soon to be ex wife a cash lump sum. The two options I'm looking at are to do a cash-out refinance of my mortgage, or to get a home equity loan. Home value is roughly $315k, and I owe roughly $130k on it, so I've got some good equity. Cash amount needed is $60k. My curren...
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