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Cashback refinance offers pay $2,000–$4,000 to attract refinancers, but should only be taken when the ongoing rate is also competitive - always check for clawback clauses before accepting.
Cashbacks of $2,000–$4,000 can be worthwhile if the rate is also competitive. Optimise for rate first and treat the cashback as a bonus. Always check clawback clauses - most require you to stay 2–3 years.
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