cash-out refinance

cash-out refinance

To refinance a property in an amount sufficient to pay off existing debt and provide cash to the owner. Because this is not a taxable event, it is a widespread way for investors to realize benefits from the growth in their assets without having to sell them.

References in periodicals archive ?
In the second quarter, an estimated $5 billion in net home equity was cashed out during the refinance of conventional prime-credit home mortgages, substantially less than during the peak cash-out refinance volume of $84 billion during the second quarter of 2006.
Current and Previous Cash-Out Refinance information
6 billion in the third quarter and substantially less than during the peak cash-out refinance volume of $83.
3 billion in the second quarter and substantially less than during the peak cash-out refinance volume of $83.
during the second quarter, similar to the first quarter level but substantially less than during the peak cash-out refinance volume of $83.
1 billion in the fourth quarter and substantially less than during the peak cash-out refinance volume of $83.
Cash-out refinance loans account for 0% and second homes 0%.
Cash-out refinance loans and investor properties represent 27.
Rate/Term and cash-out refinance loans account for 21.
Rate/Term and cash-out refinance loans account for 14% and 22% of the pool, respectively.