Return of the Cash-Out Refi
The current cash-out refi boom looks a lot different from last time. Here’s why.
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, with 2022 now well underway, we’re looking at a whole different world of cash out refinances.