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Updated about 9 years ago,
Cash-Out Refinancing
Forgive the newbie question, but I'm curious as to how exactly a cash-out refinance works. Could someone please explain to me the process of cash-out refinancing a house purchased and renovated through a private money lender?
Follow up question: What is your own personal experience with a home that you purchased and rehabbed with private or hard money, and then refinanced?