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What is Refinancing in Real Estate
Manage episode 429025257 series 3270185
Refinancing in real estate involves replacing your current mortgage with a new one. This can help you achieve various financial goals, such as lowering your interest rate, reducing your monthly payments, or changing the loan term. There are several types of refinancing options available:
1. Rate-and-Term Refinance
2. Cash-Out Refinance
3. Cash-In Refinance
4. No-Closing-Cost Refinance
Refinancing can be a strategic move to improve your financial situation, but it's important to consider the costs and benefits carefully.
1292 jaksoa
Manage episode 429025257 series 3270185
Refinancing in real estate involves replacing your current mortgage with a new one. This can help you achieve various financial goals, such as lowering your interest rate, reducing your monthly payments, or changing the loan term. There are several types of refinancing options available:
1. Rate-and-Term Refinance
2. Cash-Out Refinance
3. Cash-In Refinance
4. No-Closing-Cost Refinance
Refinancing can be a strategic move to improve your financial situation, but it's important to consider the costs and benefits carefully.
1292 jaksoa
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