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Real Estate Glossary


- Cash-out refinance

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Cash-out refinance
The refinancing of a mortgage in which the money received from the new loan is greater than the amount due on the old loan. The borrower can use the extra funds in any manner.

Related Terms
No cash-out refinance
Cash flow
Liquid assets
Assets
Sweat equity
Net cash flow
Leverage
Non-liquid asset
Gift
Interest rate buy-down plans

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