Is a cash out refinance a good idea right now?
Hello, I need help as I plan to do a home remodel. Is a cash-out refinance a good idea given the market situation right now? I also need to pay off some high-interest debts and pay off my HELOC as well. TIA! by philentrepreneur482 from Alhambra, California. Jul 27th 2022
Dan Paladin (dpaladin)
#356 ranked lender in California - 792 contributions
It is based on need. Each person has to determine the benefit. I have numerous cash out refinances at the moment. Though rates have increased rates are much lower than consumer rates on credit cards, lower than Heloc rates which are increasing right now with the actions the Fed is taking by increasing those rates. Just this week. .75 and more on the way. Feel free to contact me to discuss your options. Regards
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