Tag Archives: housing market in california

Housing Market Watch ā€“ Cash-Out Refinance Is Another Mortgage Disaster Waiting to Happen

City property in California

Before the ā€œGreat Recessionā€ 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 thatā€™s more than their previous one, pocket the difference, and they are free to use that money in any way that they want. Sadly, […]