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Cash Back Mortgages-Are they a deal??

Blog by Diane Cardoso | August 6th, 2014

If it sounds to good to be true, it usually is.  Don't be fooled by Cash Back Mortgages and make sure you read the fine, fine, fine print before you sign!  Buyers should be aware that if you sign up for one of these mortgages and you decide to terminate the mortgage prematurely, not only will you have an interest penalty to deal with, but you also have to return the "cash back" portion to the Lender.