More refinancing homeowners put cash in, not take it out

WASHINGTON — Thinking of cashing out some equity when you refinance your mortgage? Sure, that used to be what millions of homeowners did when they needed extra money.

But now get ready for the post-boom, post-crash trend that’s really hot: “Cash-in” refis — the diametrical opposite of cash-outs.

“It almost sounds un-American,” quipped Frank Nothaft, […]

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