Best Cash-Out Refinance Lenders of 2023
Savings Corner
DECEMBER 25, 2023
With a cash-out refinance , you’re getting a new loan that’s for more than you owe on your current mortgage. If your home has increased in value since you bought it, you may have more equity than what you’ve accrued from paying down your principal. How does a cash-out refinance work? Potentially higher interest rate.
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