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I put a 15 year mortgage on my pad off primary residence to pay off some debt. Is that the same as pulling cash out although the cash went directly to creditor's?

 
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I put a 15 year mortgage on my pad off primary residence to pay off some debt. Is that the same as pulling cash out although the cash went directly to creditor's?

Yes this is same as taking some cash out, and it does not matter that it used to pay creditors.

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