Home › Forums › Housing › Any clever workarounds to get new mortgage pricing on a cashout refi › Why can’t you refi no cashout
Why can’t you refi no cashout for the good rate, then get a HELOC?
This issue is why I have mostly resisted the urge to make extra mortgage payments. No easy way to get the money back at low 30-year mortgage rates.
Cash-outs have a higher default rate. Defaults are expensive for lenders even when they are low LTV loans.
