Cash-Out Refinances

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Cash-Out Refinances


Cash-Out refinances are refinances where a Consumer obtains a new loan that is larger than the loan they are paying off and the difference between the higher loan and the loan being paid off is received by the Consumer in cash after costs are paid.  Consumers apply for Cash-Out refinances to:
The benefits to Cash-Out Refinances can be huge.  While the benefits are many, here are a few to consider: