7 good reasons for a mortgage refinance
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."