The process of taking out of a new mortgage at an amount that exceeds the existing balance on the current mortgage in order to refinance the original mortgage and receive additional cash for other use.
Related information about cash-out refinancing:
- Cash out refinancing - Wikipedia, the free encyclopedia
Cash out refinancing (in the case of real property) occurs when a loan is taken out on property already owned, and the loan amount is above and beyond the ...
- When is cash-out refinancing a good option?
Cash-out refinancing of a mortgage to tap some of the home equity can be a savvy financial move depending on several key factors.
- Is a cash-out refinance right for you? | Bank of America
If you think that borrowing from your available home equity could be a good financial option for you, talk with your lender about cash-out refinancing, home ...
- Cash-Out Refinance | The Truth About Mortgage.com
A cash-out refinance is a home loan in which the borrower takes additional cash above the amount of the existing balance.
- FHA Refinance Loans for Homeowners
FHA refinance loans and the FHA streamline refinance allow borrowers to reduce the interest rate on your current mortgage.
- Cash-Out Refinance
How do you know if cash-out refinancing is the right move? There's no hard-and- fast answer to that question, but refinancing is probably worth looking into when ...
- Cash-out Refinance Mortgages - Freddie Mac
Cash-out Refinance Mortgages. Use cash out for a variety of purposes. Whether your borrowers are looking to receive cash out from the increased value of their ...
- Cash-Out Refinance Definition | Investopedia
A mortgage refinancing transaction in which the new mortgage amount is greater than the existing mortgage amount, plus loan settlement costs. The purpose of ...