Posted on Mar 25, 2021

Steven Vertz - Coldwell Banker Real Estate Group

Freddie Mac recently released their Quarterly Refinance Statistics report which covers refinances through 2020. The report explains that the dollar amount of cash-out refinances was greater in 2020 than in recent years. A cash-out refinance, as defined by Investopia, is:
“a mortgage refinancing option in which an old mortgage is replaced for a new one with a larger amount than owed on the previously existing loan, helping borrowers use their home mortgage to get some cash.”
The Freddie Mac report led to articles like the one published by The Real Deal titled, House or ATM? Cash-Out Refinances Spiked in 2020...
Click "Learn More" below to read on or contact me about buying or selling your Appleton or Fox Cities Home:
Steven Vertz - Coldwell Banker Real Estate Group
1050 N Lynndale Dr
Appleton, WI 54914
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