refinance

7 good reasons for a mortgage refinance

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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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