Tag: Net Tangible

VA – New Refinance Rules for Buyout During Divorce

Question: Do the new VA rules for Net Tangible Benefits on a cash-out for a primary residence still apply in a divorce situation, where the veteran is buying out the ex-wife? Answer: Yes. The Net Tangible Benefit rule applies even in an equity buyout situation. VA does not offer any exceptions to the new rules. […]

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Does a VA Cash-Out need to meet the Net Tangible Benefits Requirements?

Answer: Yes, there now must be a Net Tangible Benefit for any VA Cash-Out Refinance loan (per VA Circulars issued in February of this year and attached.)  So, the loan has to satisfy at least one of the 8 NTB’s listed. VA has yet to incorporate this new guidance into Chapter 6 of the VA […]

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