August 29th, 2018 2:20 PM by Eric Fang
For normal lenders, the cash-out loan rate will be around at least 0.125% higher. We recently have good rates for the loans cash-out for the loan amount over $453k.
So if your ARM reset soon, you can actually cash-out the primary and make the loan amount around 500k to take advantage of 7/1 ARM 3.625% to 3.75% rate. This is indeed a good rate. Email me if you can have any questions. I can start doing this program around Oct 1, 2018.