Posts with tag cash-out refinancing

Gone are the days when homeowners "cashed out" on the equity of their homes through refinancing, and used the money to pay off other bills, renovate a kitchen, or jet to Bora Bora. Stringent, post-housing-boom lending policies mean a gain in popularity for the complete opposite of the cash-out refi -- the cash-in... Continue Reading »

About a third of all the people who refinanced their home loans in the last months of 2009 lowered their principal balance, typically by writing a check to their bank for tens of thousands of dollars. It used to be that many people refinanced to squeeze money out of their homes. Higher home values, lower interest rates,... Continue Reading »