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Updated almost 8 years ago on . Most recent reply

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61
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10
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Aaron Frances
  • Chicago, IL
10
Votes |
61
Posts

CashOut APR climbing as I ask to max out at 80% ltv

Aaron Frances
  • Chicago, IL
Posted

Hi Everyone, i'm doing my first cash out Refi and was quoted at 4.75 initially but now lender claims because I asked for 80% ltv cash out that it may climb up to 5%. Is this common? I think i was asking for 60% initially then 75% and now i'm just going to go for the full 80%. 

Most Popular Reply

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9,934
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10,788
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Chris Mason
  • Lender
  • California
10,788
Votes |
9,934
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Chris Mason
  • Lender
  • California
ModeratorReplied

Hi @Aaron Frances,

Cash out refinance "loan level pricing adjustments" by FICO score and LTV, from fanniemae.com:

  • Chris Mason
  • Loading replies...