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Seeing advertisements for cash-out refinances

If your home is worth more than your current mortgage value, you can refinance to a new mortgage for the whole value of your home and get the remainder in cash (and then owe it all back of course!)

These shady banks will go to any length to try to keep people from paying off their whole mortgages and keep them in debt forever.

For shame!!! For shame!!!

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Cash out refinances have been around for decades. In some instances they can help people do remodels on their homes they otherwise couldn't do but yes sometimes it's not a good thing they just blow the money