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By Craig Johnson

What a Smart Cash-Out Refi Looks Like

3 features of a cash-out refinance that indicate you are making a wise move.

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Whenever interest rates drop dramatically, enthusiasm for mortgage refinancing rises. Homeowners look into lowering their payment or slashing years off their mortgage—and sometimes they can achieve both. One popular option during a refinance is to borrow more than you need to pay off the old mortgage and take the surplus in cash. You don't have to ...
mortgage