2022: The Year of the Cash-Out Refi
Home equity is booming, interest rates are dropping, and homeowners are laughing all the way to the bank.
The last time cash-out refinances were this popular, George Bush was in office, the Boston Red Sox had just won the World Series, and the Lehman Brothers were still in business. Using home equity as a virtual ATM was very much in vogue. But this time, as 2022 kicks off, we’re looking at a whole different world of cash out refinances.
With refi rate...