Cash Out Mortgage Refinances Becoming More Popular

According to recent date released by the FHFA, rates of cash out refinances of home mortgages --refinances in which homeowners convert home equity to cash during the refinance of a home mortgage-- increased in the second quarter of 2018 to the highest level in over ten years. Cash out refinance are becoming more popular due to rising property values. Most cash out refinance home loans are used to finance property improvements and consumer spending.

Considering a cash out refinance in metro Atlanta or anywhere else in Georgia to pay down debt or finance home improvements?  Contact Peachtree Mortgage Services at peachmtg@bellsouth.net to discuss our home mortgage loan application process and low home mortgage interest rates.


* Specific loan program availability and requirements may vary. Please get in touch with your mortgage advisor for more information.