Hello! This is Joe Harris with Morgan Financial and here is your “Joe Knows Mortgages MINUTE”. This week, we answer the question: “When is a good time to consider a Cash Out Refinance?”
With current interest rates hovering around a 9-month low, home equity at an all-time high, and home values as high as they are, now is a great time consider a cash out refinance.
If you owe less on your home than it is worth, and you are looking for some cash to make home improvements, to account for big life changes, or to pay off other high interest loans, then it is an excellent time to consider a cash out refinance.
If you are wondering if a cash out refinance is right for you, we suggest you call a mortgage expert here at Morgan Financial for some sound advice.
Thank you for tuning into this Joe Knows Mortgages MINUTE If you have any home loan related questions, we want to hear from you! So please comment down below! Also, please feel free to like and share this information with your family and friends. See you again next Monday!