Before rushing into refinancing, understand the qualifications. Lenders assess your credit score, debt-to-income ratio, and your home's loan-to-value ratio (LTV)—which compares its market value to the potential loan amount. Cash-out refinances typically go up to 80% of your home's value. A good credit score and low debt-to-income ratio usually secure the best interest rates. Consider these factors upfront to maximize your refinancing benefits. #MortgageRefinance #CreditScore #DebtToIncomeRatio #HomeValue
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