How consolidating debt with a cash out refinance works

Let’s say you have a home worth $350,000 and a mortgage of $200,000. You can refinance your home with extra cash out for a new mortgage of $300,000 and use the $100,000 difference to pay off higher interest debts (credit cards, personal loans, student loans, etc). It’s common for MiLend clients to save hundreds of dollars every month.

  • Their rate is an example and not representative of real rates. A 5.5% rate would have an APR of 6.14%
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