Journal Article
Cash-out refinancing: check it out carefully
Abstract: Lower interest rates can make mortgage refinancing a good idea, but borrowers need to pay attention to more than just the monthly payment. Cash-out refinancing is especially tricky because it entails taking on a larger mortgage. This can lead to a greater repayment burden in the future.
Keywords: Mortgages;
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https://www.stlouisfed.org/publications/regional-economist/july-2005/cashout-refinancing-check-it-out-carefully
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Provider: Federal Reserve Bank of St. Louis
Part of Series: The Regional Economist
Publication Date: 2005
Issue: Jul
Pages: 10-11