Back to Glossary
Cash-In Refinance
January 19, 2023
When a homeowner decides to make a lump-sum payment on their mortgage loan during a refinance period it is called a cash-in refinance. This is a type of cash-in refinance. Many homeowners opt for this type of refinancing opportunity in order to replace their current mortgage with a smaller principal balance. In a way, a cash-in refinance is similar to a mortgage recast, where lenders will make changes to the mortgage loan terms after the homeowner pays the initial lump sum.
Related Topics
10 Best Home Builders in Nashville, TN: Find Your Dream Home Today
Wesley Mortgage 2023 Year-In-Review
What Is a Property Tax Lien
What Is an Adjustable Rate Mortgage (ARM)?
Navigating the Process of Mortgage Modification
What Is Non-Recourse Lending?
What Is a Short Sale?
When Is the First Mortgage Payment Due?