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Stocks A to Z / Stocks B / Berkshire Hathaway (BRK.A) ❤
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Author: mungofitch ✹🐝🐝🐝🐝 SILVER
SHREWD   😊 😞
Number: of 15062 
Subject: Re: OT: Berkshire or mortgage
Date: 06/07/2023 4:35 AM
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My understanding is that taking out a mortgage later on a fully-owned home (not financed) is accomplished through a cash-out refinance.

Just a side comment, as I know essentially nothing of US mortgage jargon on the ground:

In most commercial situations the term "refinance" is used solely in the context of replacing one debt with another, perhaps of different size/term/rate/conditions.
Though I don't argue with you, I for one would be deeply confused to hear the term "refinance" used in the context of obtaining a new loan secured against something already owned free and clear.

Jim
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