Cash Out Refinance Can Hurt Your Credit Score
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Revision as of 12:08, 25 November 2021 by DominiqueWetzel (talk | contribs) (Created page with "A [http://knoxqhxnd.blog-a-story.com/10219475/does-cash-out-refinance-affect-rate cash out refinance] is a type of mortgage in that the borrower takes out a fresh loan for mor...")
A cash out refinance is a type of mortgage in that the borrower takes out a fresh loan for more money than the balance on the current mortgage. This sort of loan is generally secured by a home, and the lender pays the closing costs, which may be just like the original mortgage. It may also provide a lump sum payout that may be used for a variety of purposes, including buying the stock market or paying down consumer debt.
