I hear that lenders are starting to tighten lending on cash out refi’s.
Conventional and FHA was 85% LTV (loan to value) but now it’s down to only 80%.
VA loans were 100% and now only 90% on the cash it refi. Lenders are becoming more conservative on cash out refi’s
The good news is that they are still doing 100% loans for VA and USDA for those who I am talking to in Minnesota that want to buy a …Read More »