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 opboatman
Joined: 01 Nov 2009
Posts: 1
1.30 Dollars($)
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 Posted: Sun Nov 01, 2009 10:45 am Post subject: cash out or non cash out refinance |
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| i have a first and a second on my home. the second was taken out a year after the first to put an addition on. i have not used the second since 2005. i would like to refinance my first into a 30 yr. fixed and subordinate my second. is this considered a cash out refinance? |
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gmakerley
Community Mentor
Joined: 09 Nov 2007
Posts: 7445
Location: bloomfield, ct
69.81 Dollars($)
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| Posted: Sun Nov 01, 2009 2:02 pm Post subject: |
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it would be considered as a cash out refinance only if you took more than $2000 cash back at closing.
_________________
George M. Akerley
Loan Consultant
860-221-5044 |
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eric1
Community Experts
Joined: 04 Jan 2009
Posts: 1172
175.82 Dollars($)
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