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By Craig Johnson

Cash-Out Refinance to Buy a Second Home

Why you should consider a cash-out refinance to buy a second home for vacations, future retirement, or rental income.

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Buying a second home is a milestone event for sure, and it could be closer than you think. Thanks to still-surging home prices and growing home equity, the money you need to buy a second home could already be in your existing home. A home cash-out refinance on your existing home could release enough money for a down payment on a second home and mor...
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