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Refinance Rates Rise When Borrowers Receive Cash Back
Cashout loans can cost a pretty penny
May 19, 2013
By JACK GUTTENTAG The Mortgage Professor - McClatchy-Tribune Information Services
Borrowers who withdraw cash when they refinance are viewed as riskier than those who don't, because the cash withdrawal indicates possible financial distress -- and that perception can raise a borrower's costs.
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