Bad Credit Mortgage Refinance May Affect Other Interest Rates

If you're thinking about pulling some cash out of your home by refinancing your mortgage, particularly if you're loking at the ever popular 125% mortgage home equity loan, it's a good idea take a look at the rest of your personal credit before closing the loan. Your higher debt from the mortgage refinance with cash out could inadvertently cost you higher interest rates from some credit card lenders who base their interest rates on debt to income ratios.