Posted by MikeC/NY on 7/28/07 5:59pm
Msg #202530

Just out of curiosity...

... what's the largest cash out you've seen on a re-fi?

Not looking for any particulars, just wondering about how much equity folks are taking out of their homes.

Reply by Charles_Ca on 7/28/07 6:19pm
Msg #202532

Many lenders limit cash-out on refis which is different than a cash-out refi on a commercial property which is frequently done. However HELOCS are an effective way to extract lots of money from single family home's equity and I've seen some rather large ones: high 6 figures!

Reply by Ernest__CT on 7/28/07 9:51pm
Msg #202552

On Thursday a couple took out ~$250K. n/m

Reply by RickinVA on 7/29/07 10:25am
Msg #202590

I had one a couple of months ago. Cash out was the total amount, so it can't really be a refi; he owned it outright. $996,870.00. (He wouldn't use MY bank account to wire the money into for a couple of days. I asked!)

Rick