Cash-Out Refinancing: How It Works, When To Do It
Savings Corner
APRIL 4, 2024
The balance doesn’t have to be repaid as long as the borrower lives in and maintains the home and pays their property taxes and homeowners insurance. The mortgage lender needs to know what your home is worth to calculate how much equity you have. Will I have to get a home appraisal for cash-out refinance?
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