VA has new rules that require a tangible benefit on a cash-out refinance. These new rules no longer allow for a cash-out refinance to pay a divorced spouse their portion of the marital property equity. If you are in this situation, contact me for other solutions.
Related Article Title: 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 […]