Tag: cash-out refinancing
Cashing-out a home owned free-and-clear
In 2011 Fannie Mae eased it’s cash-out refinancing restrictions to allow home-buyers who purchase a home with all cash to replenish their funds with a “cash-out” refinance as soon as a day after closing on the original purchase. Background: Prior to this home-buyers were not eligible to apply for a cash-out refinance inside the first [...]
Posted: January 9th, 2012 under Refinancing.
Tags: cash-out refinancing, FNMA Delayed Financing
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Federal Reserve Board sets up new website on refinancing
The Federal Reserve Board recently created this website which is designed to help consumers evaluate whether or a refinance of their existing mortgage makes sense. Typically I am skeptical of the Federal Governments ability to simplify this process for consumers. After all they were the ones who brought us the Good Faith Estimate & Truth [...]
Posted: September 1st, 2008 under Debt, General Mortgage Info., Personal Finance, Refinancing.
Tags: cash-out refinancing, Federal Reserve Board, Refinancing
Comments: none