 TITLE: What Is a Cash-Out Refinance? CONTENT: Make Sure Your Credit Is Right Before Applying\n----------------------------------------------\nEven if you qualify for a cash-out refinance—or any other financing option—with a relatively low credit score, it may be a good idea to wait until you've had time to work on improving your credit.\nStart by checking your credit score and credit report to get an idea of where you stand and which areas you need to address. Then take the time to work on fixing some of the issues that could prevent you from scoring a lower interest rate and better terms overall.\nThe process of improving your credit score can take some time, but if your need for cash isn't urgent, taking these steps could ultimately save you more money in interest charges on your new loan. END