Residential Realty Today

Are we seeing a cash-out refinance crisis?

Housing Wire

MARCH 15, 2021

I hear a lot of chatter about a boom in cash-out refinances, and the presumption seems to be that this is destined to wreak havoc on the housing market and the economy at some point. But there are several critical reasons why the recent uptick in cash-out refinancing is nothing like the cash-out boom of the early to mid-2000s.

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Cash-Out Refinance: Everything You Need to Know

Bigger Pockets

OCTOBER 26, 2023

By refinancing, borrowers can decrease monthly mortgage payments, negotiate lower interest rates, renegotiate the term, remove other borrowers from the loan agreement, and/or access cash through home equity that has been built over time. This last option is called a cash-out refinance.

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Should We Fear the Surge in Cash-Out Refinances?

Keeping Current Matters

MARCH 23, 2021

Freddie Mac recently released their Quarterly Refinance Statistics report which covers refinances through 2020. The report explains that the dollar amount of cash-out refinances was greater in 2020 than in recent years. billion amid a cash-out refinancing spree not seen since before the 2008 financial crisis.”.

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Cash-Out Refinance vs. HELOC: What’s the Difference?

Bigger Pockets

SEPTEMBER 24, 2023

If you've built equity in your properties, you may be eligible to cash it out. We'll explain if a cash out refinance or HELOC is right for you.

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Cash-out refinance vs. no-cash-out: What’s the difference?

The Mortgage Report

NOVEMBER 23, 2021

Cash-out refinance vs. no-cash-out refinance: What's the difference? Learn about the pros and cons of each. And discover which loan suits you better.

Loans

Are cash-out refinance rates higher? 2021 Cash-out refi rates

The Mortgage Report

AUGUST 3, 2021

Cash-out refinance rates are a little higher than standard refi rates. Learn about cash-out refi rates here. But savvy shoppers can still find a great deal.

Mortgages

What is a Cash-Out Refinance and How Does It Work?

Realty Biz

NOVEMBER 22, 2022

Two or four years down the road might be when you look into a cash-out refinance. A cash-out refinance can be used for anything that you want but home improvements are one of the top reasons. What is a Cash-Out Refinance? A cash-out refinance is not another loan.

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Texas cash-out refinance guide: 2021 Rules and requirements

The Mortgage Report

SEPTEMBER 16, 2021

Cash-out refinance rules in Texas are a little different from the rest of the country. Learn about current Texas cash-out refi requirements and guidelines.

How Much Money Should You Access With a Cash-Out Refinance?

RIS Media

JANUARY 18, 2024

A cash-out refinance can let you use equity to pay for repairs or home improvements, consolidate debt or fund other purchases. Before you choose a cash-out refinance, make sure that you understand the terms and… The post How Much Money Should You Access With a Cash-Out Refinance?

Equity

Cash-out refinance an investment property: 2021 guidelines

The Mortgage Report

JULY 1, 2021

A cash out refinance on a rental property is a great way to get money out of your investment. Especially with refinance rates near all-time lows.

Mortgages

Letter of explanation for a cash-out refinance (Template)

The Mortgage Report

NOVEMBER 15, 2021

Lenders may ask for a cash-out refinance letter of explanation. Here's why — and how to write a letter that will help you get approved.

Who has the best cash-out refinance rates for 2021?

The Mortgage Report

SEPTEMBER 30, 2021

Finding the best cash-out refinance rate can maximize the vale you get from your home equity. See which lenders have the lowest cash-out rates and fees.

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Meet the homeowners giving up 4% mortgages and opting for cash-out refis

Housing Wire

OCTOBER 19, 2023

By doing a cash-out refi, she landed a $340,000 FHA loan and locked in a 6.9% At closing, my client will get $10,000 of cash up-front. There is no shortage of cash for her right now.” A cash-out refi replaces the homeowner’s current mortgage with a new, larger loan under different terms from the original loan.

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How a cash-out refinance works: Rules, rates, and requirements

The Mortgage Report

SEPTEMBER 30, 2020

A cash-out refinance lets you turn your home equity into cash and lock in a low mortgage rate at the same time. Learn how cash-out refinancing works here.

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Is using a cash-out refinance to invest a good strategy?

The Mortgage Report

OCTOBER 23, 2021

Is using a cash-out refinance to invest a good strategy? That depends on the investment, the cost of refinancing, and your other assets.

Equity

The best cash-out refinance lenders 2021: Rates and reviews

The Mortgage Report

JULY 7, 2021

The best cash-out refinance lenders offer low interest rates, affordable fees, and great service. Learn more about the 8 best cash-out lenders here.

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Cash-out refinance: The 6 best uses for your cash out funds

The Mortgage Report

OCTOBER 9, 2020

You can use cash out refinance funds for anything. Find out if a cash-out refi is a good idea for you. But some uses are smarter than others.

Mortgages

How to use a cash-out refinance to buy an investment property or second home

The Mortgage Report

OCTOBER 29, 2021

Here's how to use a cash-out refinance to buy investment property or a second home in %%currentyear%%. See cash-out refinance rates, rules and lenders.

Mortgages

Cash-out refinance to pay off debt: Is it worth it?

The Mortgage Report

DECEMBER 7, 2021

Many homeowners use a cash-out refinance to pay off debt. Find out here. But is this form of debt consolidation a good idea for you?

FHA cash-out refinance: Requirements and rates for 2020

The Mortgage Report

SEPTEMBER 3, 2020

The FHA cash out refinance is available to more homeowners thanks to lenient guidelines. Pay off debt, or get cash for any reason with this program.

VA loan refinance options: 2022 VA IRRRL and cash-out

The Mortgage Report

JANUARY 26, 2022

A VA loan refinance can help you reduce your monthly payment or take cash out. Discover the pros and cons of your options.

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VA loan Loans

VA cash-out refinance: Guidelines and rates for 2020

The Mortgage Report

NOVEMBER 6, 2020

The VA cash-out refinance lets you refinance up to 100% of your home's value, cash-out equity, and lock in a lower interest rate on your new loan.

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Home prices and mortgages keep rising, and it might get worse still

Housing Wire

OCTOBER 2, 2023

There is modest opportunity in the refinance market although it is defying traditional analysis, according to ICE’s mortgage monitor report. The profile of cash-out borrowers – who made up roughly 90% of all Q2 refinances – has shifted considerably in recent quarters.

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How to refinance your second home: 2021 rates and cash-out rules

The Mortgage Report

OCTOBER 21, 2021

Owners of vacation homes are discovering low rates and easier qualification standards for second home refinances. Get cash out, lower your rate, and make your vacation residence more affordable.

Mortgages

How to Choose Between a Cash-Out Refinance and a Home Equity Loan

RIS Media

OCTOBER 12, 2023

If you need money to fund home improvements or pay off debt, you can access your equity via a cash-out refinance or a home equity loan. With a cash-out refinance, you’ll pay off your current mortgage and take out a new loan with a higher balance.

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Cash-out refis reach $1.2T in 2021, highest level since 2005

Housing Wire

MARCH 4, 2022

Record home prices in recent years have pushed tappable home equity to new heights, increasing the demand for one specific product: cash-out refis. trillion in cash-out refis in 2021, up 20% compared to the prior year, the highest volume since 2005. Refinances decreased 34% last year, to $2.7

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Is a Cash-Out Refinance a Good Idea or a Mistake?

RIS Media

FEBRUARY 7, 2022

A cash-out refinance could allow you to tap into your home equity by taking out a new mortgage for a larger amount than the balance owed on your current loan. When to Use a Cash-Out Refinance and When to Find Another Source of Funds. The post Is a Cash-Out Refinance a Good Idea or a Mistake?

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3 unique mortgage products to get today’s homebuyer qualified

Housing Wire

FEBRUARY 28, 2024

HousingWire: What factors are contributing to borrowers falling out of the Agency market? Tom Davis: The main issue with fall-out scenarios is that the government-sponsored enterprises ( GSEs ) have a tighter box with underwriting standards. HW: Why are DSCR cash flow, bank statement and second lien mortgages popular right now?

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Fintech Milo unveils crypto-mortgage refis

Housing Wire

SEPTEMBER 7, 2022

“With our crypto refinance, they can benefit from having access to their home equity when attractive investment opportunities come up.” and foreign nationals to purchase or refinance a home in the U.S. Milo maintains the crypto in regulated custodians, the platforms Coinbase and Gemini.

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Should you use a cash-out refinance to pay off a HELOC or home equity loan?

The Mortgage Report

DECEMBER 3, 2021

Should you attempt a cash-out refinance to pay off HELOC mortgages or home equity loans? Sometimes, you should. Here's how to make the decision.

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New cash-out fees add to pain for mortgage lenders

Housing Wire

JANUARY 4, 2023

” Cash-outs are getting harder. “Refinance applications remain less than a third of the market and are 87% lower than a year ago as rates remained close to double what they were in 2021,” Kan said. “Cash outs are more expensive. The MBA data shows that refi applications decreased 16.3%

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Refinance With Cash-Out – Is the Time Right?

Realty Biz

SEPTEMBER 24, 2020

Both are strong reasons motivating homeowners to refinance mortgages and pull out cash. A cash-out refinance replaces your current home loan with a new mortgage that’s higher than your outstanding loan balance (based on a new appraisal). You can use the cash for pretty much anything that you want.

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Cash-out refis starting to slow despite equity gains

Housing Wire

MARCH 14, 2022

Mortgage origination activity took a major hit in February, with rate hikes squeezing out refinance activity , both for rate-term refis and cash-outs. from January and cash-out refis fell 15.3%. Cash-out locks – which have been somewhat insulated due to strengthening home values, were down 6.3%

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The mortgage industry is nervous about LLPA fee changes

Housing Wire

JANUARY 20, 2023

The changes include updates to pricing for second homes, high-balance loans and cash-out refinances that were first announced in 2022. There are big increases in LLPA fees for most “cash-out” loans, and investors will pay higher fees as well, per the new pricing matrix. But there are some losers, too.

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Opinion: How to win the coming mortgage refi race

Housing Wire

MARCH 28, 2024

A race is a useful analog for the mortgage business, especially as it relates to the refinance business. In our business, that’s the refinance transaction. Anticipating the start of the refi race When mortgage rates finally rose above their historically low levels, the mortgage refinance business started to dry up.

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As a ‘higher-for-longer’ rate scenario unfolds, how is the mortgage industry adapting?

Housing Wire

APRIL 15, 2024

If this scenario unfolds, analysts and executives will be ready to update their baseline expectations for 2024, including fewer refinance and purchase loans than previously forecast. They are holding on to servicing revenues, selling mortgage servicing rights (MSR) or injecting cash into their operations.

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How to help homeowners make the most of home equity

Housing Wire

NOVEMBER 23, 2021

Even as rates are slowly beginning to increase, cash-out refinancing options are still a relevant and potentially beneficial option for many as the amount of equity in homes reaches new levels. Cash-out refinancing is also a valuable option as it can be used as a means of consolidating non-home related, high-interest loan payments.

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Rocket’s struggle to adapt to highly volatile market conditions

Housing Wire

NOVEMBER 1, 2022

But with rates rapidly climbing past the 7% level, the Detroit-based lender is now in a tough spot as it attempts to pivot to purchase mortgages and persuade its customers to get cash-out refis – all while trying to cut costs through voluntary buyouts and attrition, the Wall Street Journal reported in a deep dive published Tuesday. .

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Should You Use a Cash-Out Refinance to Cover Your Child’s College Tuition?

RIS Media

JUNE 30, 2023

The cost of a college education is more than many families can afford to pay out of pocket. Before you go that route, carefully… The post Should You Use a Cash-Out Refinance to Cover Your Child’s College Tuition?

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Cash out refinance to buy investment property: The investor’s guide

Mashvisor

NOVEMBER 17, 2021

If you own rental property and need money to cover a large bill or extend your portfolio, a cash-out refinance may be the way to go. A cash out refinance…

Finance

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UWM to offer discounted rates on government loan refis

Housing Wire

DECEMBER 13, 2023

points – on FHA and VA refinances available to brokers until Jan. The UWM’s discounted rates apply to the FHA Streamline program, which offers a simplified refinance process with reduced documentation requirements on Federal Housing Administration (FHA) loans. points, 5.999% paying 2 points and 6.249% paying 2.5

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Still many refi opportunities out there, new report claims

Housing Wire

OCTOBER 4, 2021

Plus, the frequency of borrowers searching for the phrase “cash-out” increased by almost 300% from Q2 to Q3. Ample purchase and refinance opportunities remain, and our data intelligence points to myriad ways lenders can improve borrowers’ financial position with the right loan product.”.

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Lock activity increased across the board in March: MCT

Housing Wire

APRIL 7, 2023

In March, purchase lock activity increased 23% compared to February, according to the report, while rate/term refinance volume grew by 39%. Cash-out refinance volume also saw an increase of 28% last month, while overall lock activity spiked 24% compared to the month prior. (MCT) MCTlive! Lock Volume Indices report.

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Cash-out refis are in high demand as equity levels skyrocket

Housing Wire

DECEMBER 7, 2021

In turn, Black Knight predicts that there will be an influx of cash-out refis in the months to come. That works out to nearly $178,000 available in tappable equity to the average homeowner with a mortgage before hitting a maximum combined loan-to-value ratio of 80%.”. The aggregate total of $9.4

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Are we seeing a cash-out refinance crisis?

Cash-Out Refinance: Everything You Need to Know

Trending Sources

Should We Fear the Surge in Cash-Out Refinances?

Cash-Out Refinance vs. HELOC: What’s the Difference?

Cash-out refinance vs. no-cash-out: What’s the difference?

Are cash-out refinance rates higher? 2021 Cash-out refi rates

What is a Cash-Out Refinance and How Does It Work?

Texas cash-out refinance guide: 2021 Rules and requirements

How Much Money Should You Access With a Cash-Out Refinance?

Cash-out refinance an investment property: 2021 guidelines

Letter of explanation for a cash-out refinance (Template)

Who has the best cash-out refinance rates for 2021?

Meet the homeowners giving up 4% mortgages and opting for cash-out refis

How a cash-out refinance works: Rules, rates, and requirements

Is using a cash-out refinance to invest a good strategy?

The best cash-out refinance lenders 2021: Rates and reviews

Cash-out refinance: The 6 best uses for your cash out funds

How to use a cash-out refinance to buy an investment property or second home

Cash-out refinance to pay off debt: Is it worth it?

FHA cash-out refinance: Requirements and rates for 2020

VA loan refinance options: 2022 VA IRRRL and cash-out

VA cash-out refinance: Guidelines and rates for 2020

Home prices and mortgages keep rising, and it might get worse still

How to refinance your second home: 2021 rates and cash-out rules

How to Choose Between a Cash-Out Refinance and a Home Equity Loan

Cash-out refis reach $1.2T in 2021, highest level since 2005

Is a Cash-Out Refinance a Good Idea or a Mistake?

3 unique mortgage products to get today’s homebuyer qualified

Fintech Milo unveils crypto-mortgage refis

Should you use a cash-out refinance to pay off a HELOC or home equity loan?

New cash-out fees add to pain for mortgage lenders

Refinance With Cash-Out – Is the Time Right?

Cash-out refis starting to slow despite equity gains

The mortgage industry is nervous about LLPA fee changes

Opinion: How to win the coming mortgage refi race

As a ‘higher-for-longer’ rate scenario unfolds, how is the mortgage industry adapting?

How to help homeowners make the most of home equity

Rocket’s struggle to adapt to highly volatile market conditions

Should You Use a Cash-Out Refinance to Cover Your Child’s College Tuition?

Cash out refinance to buy investment property: The investor’s guide

UWM to offer discounted rates on government loan refis

Still many refi opportunities out there, new report claims

Lock activity increased across the board in March: MCT

Cash-out refis are in high demand as equity levels skyrocket

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