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Conventional Cash Out Refinance A cash out refinance is a new loan that replaces your current mortgage with a higher balance. The difference in the original balance and the new loan amount will be given to the borrower as cash. Example: If you have a $200,000 home and your current mortgage balance is $100,000, or 50% LTV.
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cash flow loan: A type of loan granted to a company based on the current and future level of cash flow that the business may generate. cash flow loans are usually utilized by businesses that need a quick infusion of cash to deal with operational expenses.
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