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retirement savings, credit card utilization, refi mortgage
I have a 710 credit score. I would like to refi my house (currently three mortgages averaging 6.25-8%, but with total balances 50k below appraised value). Problem is I have high credit card utilization (84% with 53k balances). Ideally, I want to refi mortgage at lower rate and use cash to pay down credit cards. Question is whether I would be able to refi with this score. More importantly, whether I would be better off using a loan against my retirement account to pay off credit cards first. What would the overall effect be of a 50k loan against my retirement if I paid off all the credit cards with this money? Trying to do these things in the right order.

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