1,209,450
I am not a lender and I did not spend the night in a holiday inn but interesting quesitons. My conversatons with lenders is that money might be getting tight. cash out is not something we discussed YET>
Jobs and income are key elements to this world we are living in right now. Lots of empty store fronts on the comercial side in my neighborhood.
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John Juarez
Fremont, CA
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Lyn Sims
Schaumburg, IL
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Peter Mohylsky, Destin...
Miramar Beach, FL
3,350,764
Interesting question. I do not have insight into that data.
All of my friends and clients are still working ... many are thriving financially in unique ways. Many are remodeling their home (expanding due to working from home) and many are buying a larger home. A few refinanced and paid off a second mortgage.
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John Juarez
Fremont, CA
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Kathleen Daniels, Prob...
San Jose, CA
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Ron and Alexandra Seigel
Carpinteria, CA
5,773,367
Annette,
No data to share. Hopefully you will get some viable answers. A
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John Juarez
Fremont, CA
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Kathleen Daniels, Prob...
San Jose, CA
6,426,149
Homeowners were not hurt by the slowdown as much as the general public so I would estimate that few chose this route.
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Bob Crane
Stevens Point, WI
1,847,891
Just read from CoreLogic that HELOC's increased because of it but it also stated that equity is the highest now than ever. I was a little surprised by 'than ever'. Added copy of their email. Dumped the report already.
Just had a discussion about this & some agents are worried about it.
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John Juarez
Fremont, CA
5,246,557
Having just assisted a freind in another state complete a cashout refinance, they are not easy to come by and the underwriting can be brutal. Many ay have sought a HELOC but I have no info on those and they have other limits.