{"id":149,"date":"2009-03-17T07:34:16","date_gmt":"2009-03-17T12:34:16","guid":{"rendered":"https:\/\/pfh.ysh.temporary.site\/website_d1c340c1\/?p=149"},"modified":"2017-03-09T13:41:11","modified_gmt":"2017-03-09T18:41:11","slug":"fha-cashout-refinance-changes","status":"publish","type":"post","link":"https:\/\/pfh.ysh.temporary.site\/website_d1c340c1\/fha\/fha-cashout-refinance-changes\/","title":{"rendered":"FHA Cashout Refinance Changes"},"content":{"rendered":"

You have 2 weeks to make application if you want to take cash out of your home using a FHA refinance. <\/span><\/p>\n

The technical explination of “cash out refinance” is when more than the balance of the mortgage and closing costs are included in the new loan amount. This could be in the form of cash to the borrower, or payment of secondary liens against the property,<\/strong> or the payment of any other borrower indebtness (like credit cards). <\/span><\/p>\n

This is a significant change from the current 95% maximum loan to value<\/span> for a cash out refinance. Borrowers have until March 31 to start their application if they would like to receive more than 85% loan to value<\/span>.<\/span><\/p>\n

If you have questions about this program, please call Steve and Eleanor Thorne<\/a> with Connect With Us on Facebook in Cary, NC\u00a0 at 919-649-5058.<\/p>\n","protected":false},"excerpt":{"rendered":"

You have 2 weeks to make application if you want to take cash out of your home using a FHA refinance. The technical explination of “cash out refinance” is when more than the balance of the mortgage and closing costs are included in the new loan amount. This could be in the form of cash […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":true,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"jetpack_post_was_ever_published":false},"categories":[67,83],"tags":[394,40,15,360,350,77,173,109],"yst_prominent_words":[5643,5059,4603,3416,2945,5287],"class_list":{"0":"post-149","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-fha","7":"category-housing-news","8":"tag-cashout-refinance","9":"tag-fha-home-loans-cary","10":"tag-fha-loans-cary-nc","11":"tag-fha-mortgage-loan","12":"tag-fha-mortgage-loans","13":"tag-foreclosed-property","14":"tag-nc","15":"tag-refinance","16":"entry"},"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p2NEbf-2p","jetpack_likes_enabled":true,"jetpack-related-posts":[{"id":25252,"url":"https:\/\/pfh.ysh.temporary.site\/website_d1c340c1\/fha\/cash-out-refinance-2023-save-money\/","url_meta":{"origin":149,"position":0},"title":"Cash-Out Refinance in 2023 Could Save You Money?","author":"Eleanor Thorne","date":"May 4, 2023","format":false,"excerpt":"The Federal Reserve just announced another Rate Hike, and the Prime Interest Rate is now 8.25%.\u00a0 As of 2023, the Raleigh NC Market is still considered one of the fastest-growing real estate markets in the Country.\u00a0 \u00a0According to Trulia, if you purchased a home in Cary, NC, for $276,000 five\u2026","rel":"","context":"In "FHA Mortgage Loans"","block_context":{"text":"FHA Mortgage Loans","link":"https:\/\/pfh.ysh.temporary.site\/website_d1c340c1\/fha\/"},"img":{"alt_text":"cash-out refinance mortgage","src":"https:\/\/i0.wp.com\/pfh.ysh.temporary.site\/website_d1c340c1\/wp-content\/uploads\/2023\/05\/cash-out-refinance.jpg?fit=1131%2C732&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/pfh.ysh.temporary.site\/website_d1c340c1\/wp-content\/uploads\/2023\/05\/cash-out-refinance.jpg?fit=1131%2C732&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/pfh.ysh.temporary.site\/website_d1c340c1\/wp-content\/uploads\/2023\/05\/cash-out-refinance.jpg?fit=1131%2C732&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/pfh.ysh.temporary.site\/website_d1c340c1\/wp-content\/uploads\/2023\/05\/cash-out-refinance.jpg?fit=1131%2C732&ssl=1&resize=700%2C400 2x, https:\/\/i0.wp.com\/pfh.ysh.temporary.site\/website_d1c340c1\/wp-content\/uploads\/2023\/05\/cash-out-refinance.jpg?fit=1131%2C732&ssl=1&resize=1050%2C600 3x"},"classes":[]},{"id":1204,"url":"https:\/\/pfh.ysh.temporary.site\/website_d1c340c1\/fha\/fha-refinance-a-streamlined-process-in-nc\/","url_meta":{"origin":149,"position":1},"title":"FHA Refinance, A Streamlined Process in NC","author":"Eleanor Thorne","date":"January 20, 2011","format":false,"excerpt":"Homeowner's who currently have FHA mortgages might want to check with us to see if now is the right time to refinance. Fannie Mae and Freddie Mac are changing their guidelines at the beginning of April - and we believe all mortgage loans could be more expensive because of this.\u2026","rel":"","context":"In "FHA Mortgage Loans"","block_context":{"text":"FHA Mortgage Loans","link":"https:\/\/pfh.ysh.temporary.site\/website_d1c340c1\/fha\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/pfh.ysh.temporary.site\/website_d1c340c1\/wp-content\/uploads\/2011\/01\/FHArefi1-300x225.jpg?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":124,"url":"https:\/\/pfh.ysh.temporary.site\/website_d1c340c1\/fha\/cash-out-of-home-with-fha-refinance\/","url_meta":{"origin":149,"position":2},"title":"Cash Out of Home with FHA Refinance","author":"Eleanor Thorne","date":"January 5, 2009","format":false,"excerpt":"Have you heard the joke about the way you see your house, and the way the tax guy sees it and the way your appraiser sees it? Well, it's pretty funny... because everyone has a difference perspective! If you believe you have some equity in your home, and you would\u2026","rel":"","context":"In "FHA Mortgage Loans"","block_context":{"text":"FHA Mortgage Loans","link":"https:\/\/pfh.ysh.temporary.site\/website_d1c340c1\/fha\/"},"img":{"alt_text":"Do You Have Cash in Your Home?","src":"https:\/\/i0.wp.com\/pfh.ysh.temporary.site\/website_d1c340c1\/wp-content\/uploads\/2009\/01\/blahblahblah14.jpg?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":19197,"url":"https:\/\/pfh.ysh.temporary.site\/website_d1c340c1\/housing-news\/cashout-refinance-options-nc\/","url_meta":{"origin":149,"position":3},"title":"Cash-out Refinance Options","author":"Eleanor Thorne","date":"January 11, 2018","format":false,"excerpt":"According to Trulia, if you purchased a home in Cary, NC 5 years ago for $276,000, that same house would like be worth $350,000 today. That is a huge amount of Equity built up in just 60 months! Many people are looking at the reports, like the one just done\u2026","rel":"","context":"In "Housing News"","block_context":{"text":"Housing News","link":"https:\/\/pfh.ysh.temporary.site\/website_d1c340c1\/housing-news\/"},"img":{"alt_text":"cash-out refinance nc","src":"https:\/\/i0.wp.com\/pfh.ysh.temporary.site\/website_d1c340c1\/wp-content\/uploads\/2018\/01\/cashout_refinance.png?fit=942%2C534&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/pfh.ysh.temporary.site\/website_d1c340c1\/wp-content\/uploads\/2018\/01\/cashout_refinance.png?fit=942%2C534&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/pfh.ysh.temporary.site\/website_d1c340c1\/wp-content\/uploads\/2018\/01\/cashout_refinance.png?fit=942%2C534&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/pfh.ysh.temporary.site\/website_d1c340c1\/wp-content\/uploads\/2018\/01\/cashout_refinance.png?fit=942%2C534&ssl=1&resize=700%2C400 2x"},"classes":[]},{"id":648,"url":"https:\/\/pfh.ysh.temporary.site\/website_d1c340c1\/fha\/refinancing-fha-loans-and-cash-back\/","url_meta":{"origin":149,"position":4},"title":"Refinancing FHA Loans and Cash Back","author":"Eleanor Thorne","date":"April 6, 2010","format":false,"excerpt":"We've been in the mortgage business for a couple of decades, and with all of the changes that have happened, month after month... we sometimes get asked a question that you would think was a SIMPLE question... and we scratch our head and ask for time to research it. 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Lower interest rates mean folks are thinking about refinancing their homes. \u00a0Especially folks who didn't have the ability to refinance it within the last couple of years! FHA allows you\u2026","rel":"","context":"In "FHA Mortgage Loans"","block_context":{"text":"FHA Mortgage Loans","link":"https:\/\/pfh.ysh.temporary.site\/website_d1c340c1\/fha\/"},"img":{"alt_text":"FHA Streamline Refinance Investment Property","src":"https:\/\/i0.wp.com\/pfh.ysh.temporary.site\/website_d1c340c1\/wp-content\/uploads\/2010\/05\/refi_rental_home.jpg?fit=984%2C664&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/pfh.ysh.temporary.site\/website_d1c340c1\/wp-content\/uploads\/2010\/05\/refi_rental_home.jpg?fit=984%2C664&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/pfh.ysh.temporary.site\/website_d1c340c1\/wp-content\/uploads\/2010\/05\/refi_rental_home.jpg?fit=984%2C664&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/pfh.ysh.temporary.site\/website_d1c340c1\/wp-content\/uploads\/2010\/05\/refi_rental_home.jpg?fit=984%2C664&ssl=1&resize=700%2C400 2x"},"classes":[]}],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/pfh.ysh.temporary.site\/website_d1c340c1\/wp-json\/wp\/v2\/posts\/149","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/pfh.ysh.temporary.site\/website_d1c340c1\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/pfh.ysh.temporary.site\/website_d1c340c1\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/pfh.ysh.temporary.site\/website_d1c340c1\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/pfh.ysh.temporary.site\/website_d1c340c1\/wp-json\/wp\/v2\/comments?post=149"}],"version-history":[{"count":0,"href":"https:\/\/pfh.ysh.temporary.site\/website_d1c340c1\/wp-json\/wp\/v2\/posts\/149\/revisions"}],"wp:attachment":[{"href":"https:\/\/pfh.ysh.temporary.site\/website_d1c340c1\/wp-json\/wp\/v2\/media?parent=149"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/pfh.ysh.temporary.site\/website_d1c340c1\/wp-json\/wp\/v2\/categories?post=149"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/pfh.ysh.temporary.site\/website_d1c340c1\/wp-json\/wp\/v2\/tags?post=149"},{"taxonomy":"yst_prominent_words","embeddable":true,"href":"https:\/\/pfh.ysh.temporary.site\/website_d1c340c1\/wp-json\/wp\/v2\/yst_prominent_words?post=149"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}