Can you take out a mortgage on a house you own? A house that is owned free and clear can still be refinanced. ... In a traditional cash-out refinance, an existing mortgage is paid off with a larger mortgage, resulting in a lump sum of cash to the owner. If there is no mortgage on the property at present, the same basic loan structure and regulations would apply.
Is a personal loan cheaper than a mortgage? Mortgage Guide While it is striking that unsecured personal loans can be cheaper than mortgages, which offer securit... more