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Updated about 14 years ago,
You gotta be kidding me!
I applied for a cash out refi on a rental I own in Memphis. Broker took my application and other paper work. I wait and wait. Follow up a couple times. Still waiting on lender is the answer I get. Finally, THREE MONTHS AFTER I first applied, the mortgage broker tells me that the lender NEVER GOT MY PAPERWORK! She also tells me that the lender will not probably require updated documentation.
Well, I at this point I think they can put the old documentation they lost WHERE THE SUN DON'T SHINE.
I'm done with mortgage brokers and lenders! Gonna stick with subject to's and land contracts.
TC