MonitorBase is seeing a trend in the market we find interesting … if not a bit alarming!
Cash-out climbs to 50% of refinance volume
According to a Q1 2017 equity report by Corelogic, "Homeowners equity increased by $766 billion over the last year." Just last month (June) 50% of refinance transactions were cash-out!! Whether it's for a debt consolidation or home improvement, cash-out transaction are hot and steamy this summer!
