Cash-Out Refinances Account For 21% Of All Refinance Activity

Cash-out mortgages are defined as mortgages for which the new, refinanced balance is at least 5% higher than the existing loan payoff.

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Source: http://feedproxy.google.com/~r/TheMortgageReports/~3/Tpy0B-WZLAM/cash-out-refinances-account-for-21-percent-of-all-refinance-activity

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