> why would you do a cash-out refinancing at a time of high interest rates?
If future interest rates are much worse much more quickly, it can be profitable.
IE: get a bunch of cash today locked at 10%, then lend out the money next year at 20%.
I dunno if that's the plan but there's so many possibilities in finance that it's hard to get what someone else is thinking even if their moves are public.
If future interest rates are much worse much more quickly, it can be profitable.
IE: get a bunch of cash today locked at 10%, then lend out the money next year at 20%.
I dunno if that's the plan but there's so many possibilities in finance that it's hard to get what someone else is thinking even if their moves are public.