Tag Archives: housing market in california

Housing Market Watch – Cash-Out Refinance Is Another Mortgage Disaster Waiting to Happen

Before the “Great Recession” officially began in 2008, cash-out refinance mortgages were what every homeowner was talking about. With cash out refi, a homeowner can refinance their home with a mortgage that’s more than their previous one, pocket the difference, and they are free to use that money in any way that they want. Sadly, […]