Posts Tagged 'home equity'

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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