flex pay installment loans

You can pay off debt with home equity in other ways -- but doing so isn't always a good idea

However, even if you have a situation like this and paying off debt with a cash-out refinance loan makes financial sense, there are some downsides. You're putting your home at risk if you can't pay online installment loans ID your new mortgage loan, as the lender could foreclose. And there could be substantial closing costs and fees to pay for the new mortgage loan.