It may be time to cash out some home equity. How to do so? Refinancing your mortgage! For more and more owners, this appears as the ultimate solution as important lenders describe.
The process of a cash-out refinancing consists in converting a portion of home equity into money on top of the mortgage balance. Back in 2004-2007, it used to be the rage. About 9/10 owners would pull money out from their homes considering refinancing. Nevertheless, when the bubble exploded, equity holdings collapsed and such procedures vanished. Read the rest of this entry »
Miami Real Estate Blog 