Other origins for the name Allen include-English, Irish, Celtic.The name Allen is most often used as a boy name or male name. English Name Meaning-Variant of Alan: Fair; handsome. Also both a diminutive of Albert (noble, bright) and an abbreviation of names beginning with Al-.
Streamline refinancing is an option for borrowers who want to take advantage of low interest rates, get out of an adjustable rate mortgage (ARM) or graduated payment mortgage (GPM). Both the FHA and VA offer streamline refinancing for home mortgages.
DEFINITION of 'Cash-Out Refinance'. A mortgage refinancing transaction in which the new mortgage amount is greater than the existing mortgage amount, plus loan settlement costs.The purpose of a cash-out refinance is to extract equity from the borrower's home. A cash-out refinance is an alternative to a home equity loan.Next Up. mortgage refinancing transaction in which the new mortgage amount is greater than the existing mortgage amount, plus loan settlement costs. The purpose of a cash-out refinance is to extract equity from the borrower's home. A cash-out refinance is an alternative to a home equity loan. Next Up.