Address family matters8 of 9Divorces often lead to refis as a means of removing the absent former spouse from the note."That has less to do with rates and is more about timing," Lazerson says.Moskowitz says he recently did a $110,000 cash-out refi from a woman who used the money to bail out a son facing foreclosure on his own house.That's not how Moskowitz would spend his money from a cash-out refi. But to anyone who agrees with him, he says, "You're clearly not a mother." « Back to HARP refi. Related Articles:Conventional refinance?'Cash-in' refi takes offLow score = high paymentLow cost refinanceRelated Links:Refinance home or move?How to kill a loan closingMortgage calculator 101Best mortgage for you? advertisement
Divorces often lead to refis as a means of removing the absent former spouse from the note.
"That has less to do with rates and is more about timing," Lazerson says.
Moskowitz says he recently did a $110,000 cash-out refi from a woman who used the money to bail out a son facing foreclosure on his own house.
That's not how Moskowitz would spend his money from a cash-out refi. But to anyone who agrees with him, he says, "You're clearly not a mother."
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