Sign Up or Log in
Homepage
Buy
Sell
Flat Fee MLS
Title
How it Works
Contact

Real Estate Glossary

What is Cash-Out Refinance?

This is a type of mortgage refinancing in which the borrower takes out a new loan that is larger than the outstanding balance on their existing mortgage. The borrower is then able to use the difference between the two loans (the "cash-out") to pay off other debts or make other investments.