No Cash Out Refinance

Concept of No Cash Out Refinance in the context of Real Property

A short definition of No Cash Out Refinance: Replacing an existing mortgage or mortgages with a new mortgage in an amount that does not give the borrower money over and above the paying off of the existing liens and the cost of the new loan.

Concept of No Cash Out Refinance in the context of Real Property

A short definition of No Cash Out Refinance: Replacing an existing mortgage or mortgages with a new mortgage in an amount that does not give the borrower money over and above the paying off of the existing liens and the cost of the new loan.