Is a cash-out refinance right for me?Is a cash-out refinance right for me? With a cash-out refinance, you need to weigh the benefit of how you’re going to use the money against the amount of time it will take to pay off the loan. You may want to think about: the number of ...
Interest rates are near historic lows right now. But what if you acquired your home mortgage when rates were considerably higher? If you've built up home equity and are still making mortgage or interest payments, you may qualify for an FHA cash-out refinance loan. It's easier than you ...
In its annual Report to Congress issued last fall, the FHA said cash-out refinances represented 64% of all FHA-insured refinance transactions – up nearly 39% from the year before. It attributed the trend to gains in home prices and the decline of other forms of refinance activity. O...
The Fed cuts interest rates to spur economic activity. The lower interest rates go, the more people and businesses tend to borrow to buy equipment, property, goods, and services. Doing a cash-out refinance to spend is in a way, following the Fed's desires. If inflation is running at 3%...
Pros and Cons of a Cash Out Refinance The Pros You only have one mortgage (and monthly payment) to worry about Can lower the interest rate on your first mortgage if rates are favorable And get the cash you need at the same time (single transaction) ...
Dallas Mortgage Lender (888) 435-7190 | Best Mortgage Rates | Home Purchase | Home Refinance | Texas cash out mortgage | DFW mortgage lender | Best Rates for Veterans