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Owners add cash instead of cashing-out
By ft Editorial Staff • Jul 28th, 2010 • Category: real estate newsflashIn the past, a refinancing homeowner cashed-out some of his appreciated equity, refinancing so he could borrow money to spend on consumer goods or other investments. The recent trend has seen a large number of homeowners now adding cash to their mortgages in order to refinance at current low interest rates, in order to pay [...]
