Whistler Real Estate Co Ltd, #137- 4370 Lorimer Road, Whistler, BC V0N 1B4

Prime Rate = 6.00%

CASH OUT refinancing at higher rates all the rage today Source www.pressdisplay.com Author: Kenneth R. Harney

“The trend is refinancing into a higher interest rate while pulling out a bucket of fresh cash. Almost nine out of 10 homeowners who refinanced during the second quarter of this year ‘cashed out’ additional money. The typical ‘refinancers’ hasn’t been scouring the market for an interest rate lower than his or her existing mortgage.”

That’s where Karen Gibbard can help you obtain the lowest rate available to you on OAC* with ‘A’ Lenders. Some conditions apply.

“Cash-outs might be booming, but they’re not a new phenomenon. They’ve existed for years as a financial tool to extract equity tied up in real estate and to convert it to immediately spendable money. Many people see that their real estate has been one of the only things making money for them during the past few years. Borrowers have developed new ways of thinking about their home mortgages, and increasingly see them as positive resources, not just debt loads.”