Should you pull cash out of your California home before rates rise?

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The most common reasons that homeowners pull cash out when they refinance are:

  • Consolidate Debt. Mortgage rates are lower than most other types of rates, and with the payment spread over 30 years, it’s more comfortable.
  • Home Renovations. Some people use credit cards for home renovations, landscaping, etc, and then consolidate that debt afterwards with a cash out refinance. Why not skip that step?
  • Tap Equity without Increasing the Payment. For folks that didn’t refinance in 2020, typically there’s some amount they can pull out without their payment going up. This is a hedge against inflation, to boot.

Questions? Let’s chat! Curious about what your home might appraise for? We can help!

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"I recently closed a cash out refi with Chris. He is super knowledgeable and picks the right options and product based on the need. With all the craziness that was going around the last few weeks, he still closed a cash out refi relatively fast. He was always reachable and to the point with no fluff and BS."

Satheesh R.

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"Chris is a great resource and knows his stuff! Thank you."

Trevar O.

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"Chris helped answer questions and guide me through the process. He was responsive and clear. Thank you!"

Alexandre M.

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