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Updated over 4 years ago,
BRRRR Refi CASH OUT VS SIMPLE REFI
Does the refi step in the BRRRR process have to 100% be a cash out refi for it to be a clean BRRRR? Or could I get away with doing a simple refi and have the new lender pay off a HML.
I ask because after calling 30+ credit unions and banks in NC the best I found was 65% cash out LTV.