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Updated almost 8 years ago,
Help with cash out refi!
Hi all,
I am the trustee of a property that is paid off. I am trying to cash out refi on that property and the mortgage broker I am working with says that I need 6 months worth of my personal homes mortgage and of the proposed new mortgage. Is this standard practice? I knew about needing 6 months of the new loan payment amount but from everything I've read and heard it did not include my personal mortgage too. Please help!
Thank you all!