Some intrepid homeowners are intentionally taking a loss on their current house - and writing a big check to retire their old mortgage - in order to buy twice the home for not much more money. Others, eschewing conventional personal-finance advice, are even opting for 'cash-in' refinancings, paying thousands of dollars out of pocket to settle old loans - and then taking out new mortgages with lower payments, shorter durations or both.
Read entire story at wsj.com.
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