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 ?
Cash-out refinance loans account for 0% and second homes 0%.
Fitch Rates CSMC's Mortgage P-T Certificates, Series 2006-1
Cash-out refinance loans and investor properties represent 27.
There are no co-op, cash-out refinance loans or investor properties.
Fitch Rates CMSI $470.2MM REMIC P-T Ctfs Series 2005-7
Rate/Term and cash-out refinance loans account for 21.
Fitch Rates FHASI $208.5MM Mtge P-T Ctfs, Series 2005-AR5
Rate/Term and cash-out refinance loans account for 14% and 22% of the pool, respectively.
Fitch Rates Wachovia Mortgage Loan Trust $444.1MM Series 2005-A
USD20 billion in equity was tapped via cash-out refinances in Q1 2016, one-half of one percent of total available equity.
Black Knight's Mortgage Monitor reports available home equity rises by USD260bn in Q1 2016
So far, homeowners aren't using cash-out refinances to overleverage themselves.
United States : Freddie Mac June 2016 Outlook
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