A cash-out refinance is a refinancing of an existing mortgage loan, where the new mortgage loan is for a larger amount than the existing mortgage loan, and you (the borrower) get the difference between the two loans in cash.How To Cash Out Refinance Investment Property Cash Out & Hard money refinance loans California | North Coast. – North Coast Financial is able to provide a wide variety of hard money refinance loans, from a cash out refinance on investment property to a hard money.

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