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CASH-OUT REFINANCE
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| When a
borrower refinances his/her mortgage at a higher amount than the
current principal loan balance in order to take money out for
personal use, it is referred to as a "cash out refinance." |
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BACK TO GLOSSARY |
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Simplicity
Mortgage - 6180
E. State Street, Suite #5 - Rockford, IL.
61108
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