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Updated about 8 years ago on . Most recent reply

Refinance question House paid in all cash
Hey everyone,
I had a question on refinancing and how it works. I'll get straight to the point my friend/co-worker has a home paid off already but still owes property tax. Basically how he paid his house was all cash buy and we were discussing today about refinancing his home. My question is if he paid a house off all cash will he be able to refinance if so what would he take in to consideration when he visits the bank?
Thank you