Current Mortgage Rates: Richmond, VA
3.000% (3.001% APR) 30yrs
2.375% (2.381% APR) 15yrs
as of 10/19/21
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Building on Trust™

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Term Main definition
Cash-out refi
Refinancing for an amount in excess of the balance on the old loan plus settlement costs. The borrower takes “cash-out” of the transaction. This way of rising cash is usually an alternative to take out a home equity-loan.
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