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Refinancing; Rate and Term verses Cash-Out, what is the difference?

Refinancing; Rate and Term verses Cash-Out, what is the difference? By Dave Muti This seemingly minor detail will have a major affect on your interest rate and/or eligibility of your loan. Chapter 10 of my book discusses why people that have the same type of mortgage (i.e. a 30-Year Fixed) may have different interest rates. I go on to detail that it might be due to credit scores, loan-to-value,... [Read more]