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Cash Out Refinances Save Homeowners Money Each Month
October 1, 2014
Most homeowners refinance to lower their rate and payment. But they can also take out some equity in the form of cash. Such a loan is a cash out loan. Here are the available cash out loans in today’s market. Conventional Cash Out Conventional mortgages, those underwritten to Fannie Mae or Freddie Mac standards, allow borrowers to […]
Boom in Home Equity Paves Way to Many Refinance Options
January 9, 2014
A study by the Federal Reserve reported recently that homeowner’s equity from the third quarter of 2012 to the third quarter of 2013, the most recent figures increased by a staggering $2.2 trillion dollars. Yes, there are still pockets that are still struggling yet these findings show that finally we’re on the road to recovery […]