Benefit of cash-out refinancing

[Donna Rundo]

What strategies are investors and realtors using to maximize the benefits of cash-out refinancing?

[Matthew Kwan]

It depends what the intentional goal that each investors are trying to acheive? The majority of them are trying to leverage debt and use as less as possible of their own money. I been seeing people utilizing heloc more than cash out refinances due to the high rates. Even though HELOC are higher than cash out refinances, but it gives investors the flexibility to draw their funds and not having to pay the full balances within x years, depending on the loan program and draw periods.

@Carlos Valencia @Albert Bui