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Housing
What is a Cash-Out Refinance and How Does It Work?
By
Brian Kline
| November 22, 2022
Mortgage
Fannie Mae chair warns against cash-out refinancing
By
Mike Wheatley
| June 29, 2021
Housing industry experts have been pretty vocal about the benefits of refinancing a mortgage lately, saying homeowners can benefit from current low interest rates to save potentially hundreds of dollars a month on their loan repayments. But Sheila Bair (pictured), chair of the board of directors at Fannie Mae this week warned that refinancing is […]
Mortgage
,
US Real Estate
Cash-out refinancing hits highest level since 2008
By
Mike Wheatley
| March 17, 2021
So-called cash-out refinances are surging in popularity, hitting heights that haven’t been seen in over a decade, since the Great Recession of the 2000s. Economists say they’re not concerned by the trend though, as the housing market is still going strong and home prices are rising. During the Great Recession, cash-out refis grew at a […]
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