If you’re in want of a cash out refinance, the most liberal cash-out program in town is about to make qualification more difficult. Effective April 1, 2009, the FHA is reducing the maximum loan-to-value on cash-out refinances by 10 percent, dropping the loan size limit from 95% of the home’s value to 85%. In its […]
FHA Cash-Out Refinancing Gets Stricter on April 1st
March 30th, 2009 · Comments Off on FHA Cash-Out Refinancing Gets Stricter on April 1st
Tags: Economy · Mortgage Lending · Real Estate