I just asked this about refinancing…?

I just asked this …but repeating a question becuz of a tiny misunderstanding

My parents received a letter which mentions these things …WHAT DOES THIS MEAN ????

you may refinance and possibly lock in a interest rate and get a good amount of cash from your home’s estimated available equity through exclusive fast track loan program, available to you as a select, qualified COUNTRYWIDE home loans customer ? On top of this you may also qualify for 1/2 point reduction in in the DISCOUNT POINTs on your NEXT HOME REFINANCE or Purchase Mortgage ..

MY PARENTs own this condo for last 4 years and they received this letter …….. is this for REAL ???g

do my parents have any real benifits from this … ?? is there a possibility of gettig a cash …. ?

Somebody answered this question that I may be able to get the cash but i should only use that in emergency … i just need to know HOW THIS WORKs ?? Thanks for the suggestion and pre

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