what is refinace cashout?

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It's when you refinance your mortgage by taking out a brand new mortgage, which you use to pay off (or "cash out") your old mortgage.

2006-07-02 19:55:14 · answer #1 · answered by Mel 4 · 0⤊ 0⤋

If you refinance your mortgage, you maybe able to get cash for your equity.

2006-07-03 02:54:52 · answer #2 · answered by seattlecutiepie 5 · 0⤊ 0⤋