Cash-out refinancing: check it out carefully
AbstractLower interest rates can make mortgage refinancing a good idea, but borrowers need to pay attention to more than just the monthly payment. Cash-out refinancing is especially tricky because it entails taking on a larger mortgage. This can lead to a greater repayment burden in the future.
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Bibliographic InfoArticle provided by Federal Reserve Bank of St. Louis in its journal The Regional Economist.
Volume (Year): (2005)
Issue (Month): Jul ()
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