If most of the rates above are higher than your original mortgage rate, then a cash - out refinance would mean paying a higher rate on your entire balance for the full remainder of your mortgage term. (valuepenguin.com)
In return, the investor would be required to pay off the remainder of the mortgage, if there is one, and thereby eliminate the homeowners» monthly payments and free up that money for the homeowners to make other investments. (inman.com)
Beyond that, Milstein said the remainder of mortgage settlement money should go toward helping the homeless, including through a New York / New York IV program that would spend $ 183 million to fund 5,000 new supportive housing units across the state. (politico.com)