using equity to refinance

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Should you use a home equity loan to pay for college? – – In fact, as the economy has improved, the percentage of parents using home equity loans to pay for college has dropped. In 2011, 3 percent of parents used home equity to pay for college, according to the report.

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What Happens to the Equity if I Refinance? – Budgeting Money – However, a refinance can actually raise equity, under the right circumstances. If you use the cash you’ve drawn out to make improvements to the home that raise its market value, then the refinance ends up as a profitable transaction. However, you always have to take the costs of the refinance into account.

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