Don't Fall for These Cash-Out Refinance Myths

Don't Fall for These Cash-Out Refinance Myths
·4 min read

With a cash-out refinance, you borrow more than the amount of your existing loan balance and get the remainder in cash. You can calculate equity by taking your home's market value and subtracting your remaining mortgage balance. A cash-out refinance could be a move worth considering, but the truth about refinancing a mortgage can be hard to find.

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