Combining a 1st & 2nd Under a Rate/Term Refinance

Question: Our client has a 1st mortgage and then took out a 2nd [HELOC] to do a renovation. All of the funds from the HELOC were used for renovation and we have receipts. Can I do a rate and term refinance or is this considered a cash-out? MC Refinance Chart-All Agency Guidance Answer: For Fannie […]

A subscription is required to access this content—please view our available subscription options. If you are a current subscriber, please log in.

Combining a 1st & 2nd Under a Rate/Term Refinance

NAVIGATION

JOIN OUR MAILING LIST

GET SOCIAL