Effective with MBS guaranteed on or after November 1, 2019, high LTV VA Cash-Out Refinance Loans (those with LTV ratios above 90 percent) are ineligible for Ginnie Mae I Single Issuer Pools and Ginnie Mae II Multiple Issuer Pools, except in cases when the loans are Permanent Financing Construction Loans (as defined in Chapter 24 of the MBS Guide).
Gustan Cho Associates at Loan Cabin Inc. offers NON-QM Cash-Out Debt Consolidation Refinance Loans for homeowners with up to 90% LTV.
While you have a great interest rate on your existing home, I encourage you to determine your existing blended rate (your mortgage and the debt to pay off) to determine if it makes sense to refinance.
Texas Cash Out Rules Cash Out Refinance In Texas In fact, it ended in one of the worst financial catastrophes in recent memory. Cash-out refinance involves a situation where a homeowner gets a new, bigger loan to replace the old one and then takes.