Cash-out refinancing

The process of taking out of a new Mortgage at an amount that exceeds the existing Balance on the current Mortgage in Order to refinance the original Mortgage and receive additional Cash for other use.

Related Terms: 9 Balance, Cash, Finance, FIN, Mortgage, Order, Rent, ROC, ROCE

Other Related Pages: Category: Real_Estate Starting With: C

Additional Related Terms: 10-K, Adjusted balance method, Allowance for depreciation, Account balance, Average daily balance, Average daily balance method, Accrual of discount, Amortization of premium, At par, All or any part