Fannie Mae – Cash-Out Refinance-New Spouse- Can a borrower who owns a property individually do a cash-out refinance where we add a new spouse to the loan and title?

Answer: A lot of underwriters get confused on this type of transaction, and provide a condition that the new spouse must reside there for 6 months before they can do what you are mentioning. That would be true IF the occupant was not also going to be a borrower on the loan.  Since you have […]

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

Scroll to Top