Tag: paying off first and second lien

VA – Maximum LTV for a Rate/Term Refinance When Paying off 2 Liens

Question: What is the maximum LTV when a VA borrower wishes to pay off their first and second lien? VA Refinance Comparison Chart Answer: The transaction you’ve described is actually a VA Cash Out Refinance Type II. The maximum loan amount is 100% of the reasonable value of the property indicated on the NOV (funding fee […]

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