---

Divorce refinance w/equity buyout

Author	Message
	Add to del.icio.us Add to YahooMyWeb Add to Simpy Add to BlinkList
jenmat21 Joined: 11 Mar 2009 Posts: 1 1.27 Dollars($)	Posted: Wed Mar 11, 2009 2:18 pm    Post subject: Divorce refinance w/equity buyout Like 0 Dislike 0 Looking to re-fi VA loan due to divorce. Want to roll ex's share of the equity into the loan. Would this be classified as cash out and/or A6 loan? Told today that I could only finance 80% of appraised value - have about 25% equity in the house right now.
smithsussane Joined: 18 Sep 2008 Posts: 10439 Location: Alaska 985.83 Dollars($)	Posted: Wed Mar 11, 2009 7:43 pm    Post subject: Like 0 Dislike 0 Hi jenmat! Welcome to forums! I think it would be considered as a cash out loan. Texas cash out loans are said to have the strictest guidelines. As far as I know, the properties can have an LTV not higher than 80% and the homeowner must have a 12-day waiting period before closing. You have been correctly informed that you would only be able to finance 80% of appraised value of the property. To know more about Texas A6 loan, check out the following page: http://www.mortgagefit.com/texas/a6loan-law.html#23849 Sussane

Quick Reply
Your Name
Subject
Image Verification	Enter the code above here : Can't read the image? click here to refresh
Message body

All times are GMT - 7 Hours

Page 1 of 1

---

We have chosen to apply the Creative Commons Attribution License to all works we publish. This work is licensed under cc by 2.0