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Last updated April 15 2019 10:42 am
|Did you know...|
|Real Estate Term:||No Cash Out Refinance|
|Category:||Real Estate Finance|
|Definition:||a refinance of an existing loan only for the amount remaining on the mortgage. The borrower does not get any cash against the equity of the home. Also called a rate and term refinance.|
|Source:||U.S. Department of Housing and Urban Development. http://portal.hud.gov/hudportal/HUD?src=/program_offices/housing/sfh/buying/glossary|