FHA Limits Cash Out Refinances to 85 Percent
The FHA, which has seen its share of scrutiny as of late, plans to lower the maximum loan-to-value associated with cash-out refinances beginning April 1. The agency, which previously allowed cash out refinancing up to 95 percent, will drop that limit to 85 percent, according to a letter sent to clients late last week. âEffective… Read More »FHA Limits Cash Out Refinances to 85 Percent
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