San Diego Housing Market News and Analysis
Any clever workarounds to get new mortgage pricing on a cashout refi
User Forum Topic
Submitted by scaredyclassic on July 25, 2020 - 8:57am
Cash out refi pricing is higher.
Makes zero sense where the loan is conforming and the equity is greater than 20 perc.
Anyway, is it possible to nonfradulently workaround this?
Sell the house to another entity...a trust? An llc? And get new mortgage pricing?
Alternatively are there any lenders who would do same low rate for cashout refi that conforms with lots of equity?
What if i pay off the house. If i start over, with no sale, is that a cashout refi or a new home purchase loan?
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