Cash-out refinancing is a method of refinancing for more than the amount owed on the original mortgage. In other words, A cash out refinance is refinancing the existing mortgage and borrowing some of the equity in a lump sum to use for other purposes. Such as home improvement, college tuition, family vacation, etc.
https://www.megri.com/cash-out-refinancing-73
CashOutRefinancing
Cash-Out Refinancing
April 18, 2020
Business
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Michael Holland
Cash-out refinancing is a method of refinancing for more than the amount owed on the original mortgage. In other words, A cash out refinance is refinancing the existing mortgage and borrowing some of the equity in a lump sum to use for other purposes. Such as home improvement, college tuition, family vacation, etc.
https://www.megri.com/cash-out-refinancing-73
CashOutRefinancing