no cash-out refinancing

no cash-out refinancing definition - business

no cash-out refinancing

A mortgage refinancing in which a primary mortgage and secondary mortgages, along with associated expenses, are rolled into a single new mortgage without any cash being paid out to the borrower. Compare cash-out refinancing.

The American Heritage® Dictionary of Business Terms Copyright © 2009 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

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