Cash-in refi gains prevalence6 of 7Cash-in refinances were on the rise in the fourth quarter of 2010. According to Freddie Mac, 46 percent of homeowners who refinanced their first mortgage during that time brought money to the table to reduce their principal balances -- the highest percentage since Freddie Mac began tracking refis.There are three main reasons to do a cash-in refi: to avoid private mortgage insurance, to qualify for a conforming loan and to lower interest on savings.The story "Should you get a cash-in refinance?" has more information.« Back to Mortgage trends. Related Articles:Celebs: Take my mansion!Why get a cash-in refi?Mortgage costs will riseBig mortgages cost moreRelated Links:Spoil home descriptionRich but foreclosedOutselling foreclosuresA home-buying checklist advertisement
Cash-in refinances were on the rise in the fourth quarter of 2010. According to Freddie Mac, 46 percent of homeowners who refinanced their first mortgage during that time brought money to the table to reduce their principal balances -- the highest percentage since Freddie Mac began tracking refis.
There are three main reasons to do a cash-in refi: to avoid private mortgage insurance, to qualify for a conforming loan and to lower interest on savings.
The story "Should you get a cash-in refinance?" has more information.
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