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Real Estate
Looking To Refinance A Home? Laurel Road Explains What You Need To Know Looking To Refinance A Home? Laurel Road Explains What You Need To Know
Looking To Refinance A Home? Laurel Road Explains What You Need To Know For homeowners who have built equity in their current property and are seeking additional money for renovations, upgrades or other life events, refinancing a mortgage through a cash-out refinance offers the chance to access additional funds without the need for a traditional loan. In these loans, a new mortgage is financed for an amount larger than the current total, with the difference being paid in cash to the homeowner. Several benefits of a cash-out refinance include low interest rates, flexibility to use the money at the homeowner's discretion and a variety of tax advantages. However, …

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