Posts Tagged 'cash-out'

Surge in Home Equity Spurs Refinances

Many of us associate the term “cash-out refinance” with the risky consumer behavior during the real estate boom, when some homeowners turned inflated home values into money machines, leveraging their equity to the maximum allowed. That didn’t end well for many but now that home equity is on the rise, cash-out refinancing is making a strong comeback, however, this time under much tighter guidelines. Cash-out refinances have grown to 17% ...

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“Cash-In” Refinances & Interest Rates

We have all heard of “cash-Out” refinancing but are you familiar with “cash-in” refinancing?  With a “cash-in” refinance, you get to lock in today’s historic low rates by bringing the funds “out of pocket” needed to cover the difference between your mortgage balance and the maximum loan amount you can qualify for on your new mortgage loan.

While this isn’t a “new” concept, it is seeing renewed life in today’s mortgage market.  ...

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