You can describe America’s recovery as anemic or glacial in its slowness, but the fact remains that we do seem to be in recovery. Daily articles in the media discuss the lack of consumer spending as starving the engine of economic recovery of the fuel it needs to grow and produce jobs. So, since plummeting home values seem to have ceased in much of the country and in fact modest improvements have been seen, is it time to tap the source that fed the boom that went bust? Cash out refinance mortgage and Home Equity Loans and HELOC fueled the economic fire and when that bubble burst many people found that they owed a good deal more than what their personal bank was worth! Do we want to go there again?

That depends I think, on your intentions. A loan fueled spending spree for luxury items, cruises or items that we want but don’t need, probably not. An education, more training to stay viable in your profession, home repairs or a sensible remodel, better. Still for many their home is no longer a source for money, they’re tapped out! They owe more than their home is worth and they may need to consider a refinance not to get cash out but to try to keep cash in (their pocket.) There are homeowners out there who didn’t suffer economic disaster when housing collapsed and those who had minimal or no down payments went “under water”, and if you have considered a cash-out refinance or a home equity loan, now maybe the time to do it. Interest rates are at all time lows and you may be able to not only get cash out but save money and or shorten your mortgage length as well. At LoanexFastCash.com we have lenders who are ready to lend to those who qualify. They are looking for the opportunity to serve you and make the whole process of a cash out refinance or a home equity loan a pleasant and professional experience.