Cash-out refinancing: check it out carefully

William Emmons

The Regional Economist, 2005, issue Jul, 10-11

Abstract: Lower interest rates can make mortgage refinancing a good idea, but borrowers need to pay attention to more than just the monthly payment. Cash-out refinancing is especially tricky because it entails taking on a larger mortgage. This can lead to a greater repayment burden in the future.

Keywords: Mortgages (search for similar items in EconPapers)
Date: 2005
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