{"id":19643,"date":"2021-11-10T13:48:15","date_gmt":"2021-11-10T13:48:15","guid":{"rendered":"http:\/\/www.anthonydidonato.net\/wordpress\/?p=19643"},"modified":"2021-11-10T13:48:15","modified_gmt":"2021-11-10T13:48:15","slug":"cash-out-refis-surge-as-owners-use-equity-gains","status":"publish","type":"post","link":"https:\/\/www.anthonydidonato.net\/wordpress\/cash-out-refis-surge-as-owners-use-equity-gains\/","title":{"rendered":"Cash-Out Refis Surge as Owners Use Equity Gains"},"content":{"rendered":"

Cash-Out Refis Surge as Owners Use Equity Gains<\/h1>\n

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With double-digit annual gains fueling homeowner wealth, owners have gotten richer, and they\u2019re starting to take advantage of that added equity.<\/p>\n

Cash-out refinancing, which allows owners to take out a lump sum from their equity through loans, increased by 33% in October compared to a year prior, according to Black Knight Inc.<\/p>\n

The amount of U.S. tappable home equity reached a record high in October of $9.1 trillion, according to Black Knight.<\/p>\n

\u201cWe have record home equity thanks to record home prices,\u201d Dan Roccato, a financial analyst with Credible, told Forbes.com. \u201cWe\u2019ve had this incredible run-up in home prices over the last 18 months.\u201d<\/p>\n

Homeowners must meet certain credit standards to be able to tap into their home\u2019s equity through cash-out refinancing. Lenders usually cap mortgages at 80% of a home\u2019s value.<\/p>\n

The median existing-home price for all housing types nationwide in September was up 13.3%, according to the National Association of REALTORS\u00ae. NAR predicts that prices slow in the new year, mostly due to rising mortgage rates that will likely lead to fewer home sales. Home prices are predicted to moderate at a 2.8% growth in 2022, according to NAR.<\/a><\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n

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Source:<\/div>\n
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\u201cAmericans Cashing Out Home Equity After Record Gains in Value<\/a>,\u201d Forbes.com (Nov. 8, 2021)<\/div>\n
\u00a9National Association of REALTORS\u00ae
\nReprinted with permission<\/span><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Cash-Out Refis Surge as Owners Use Equity Gains   With double-digit annual gains fueling homeowner wealth, owners have gotten richer, and they\u2019re starting to take advantage of that added equity. Cash-out refinancing, which allows owners to take out a lump sum from their equity through loans, increased by 33% in October compared to a year … <\/p>\n

Continue reading<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[16,8],"tags":[5,32,4,9],"class_list":["post-19643","post","type-post","status-publish","format-standard","hentry","category-news","category-real-estate-tips","tag-anthony-didonato","tag-news","tag-real-estate","tag-tips","item-wrap"],"yoast_head":"\nCash-Out Refis Surge as Owners Use Equity Gains - Real Estate Agent and Sales in PA - Anthony DiDonato Broomall, Media, Delaware County and surrounding areas in Pennsylvania<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.anthonydidonato.net\/wordpress\/cash-out-refis-surge-as-owners-use-equity-gains\/\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/cash-out-refis-surge-as-owners-use-equity-gains\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/cash-out-refis-surge-as-owners-use-equity-gains\\\/\"},\"author\":{\"name\":\"admin\",\"@id\":\"http:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/#\\\/schema\\\/person\\\/964792b6994e8cc4cbddc36ad4824908\"},\"headline\":\"Cash-Out Refis Surge as Owners Use Equity Gains\",\"datePublished\":\"2021-11-10T13:48:15+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/cash-out-refis-surge-as-owners-use-equity-gains\\\/\"},\"wordCount\":228,\"publisher\":{\"@id\":\"http:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/#\\\/schema\\\/person\\\/964792b6994e8cc4cbddc36ad4824908\"},\"keywords\":[\"Anthony DiDonato\",\"News\",\"Real Estate\",\"tips\"],\"articleSection\":[\"News\",\"Real Estate Tips\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/cash-out-refis-surge-as-owners-use-equity-gains\\\/\",\"url\":\"https:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/cash-out-refis-surge-as-owners-use-equity-gains\\\/\",\"name\":\"Cash-Out Refis Surge as Owners Use Equity Gains - 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