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Updated about 5 years ago,

Christopher Nemlich's profile image
Christopher Nemlich's profile image
Christopher Nemlich
  • from Las Vegas, Nevada
  • Member since Jan 11, 2015
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33
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9
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Christopher Nemlich's profile image
Christopher Nemlich's profile image
Christopher Nemlich
  • from Las Vegas, Nevada
  • Member since Jan 11, 2015
Connect
Christopher Nemlich
  • Las Vegas, NV
9
Votes |
33
Posts
Private Lending & Conventional Mortgage Advice

Cashout Refi reason being asked

Christopher Nemlich
  • Las Vegas, NV
Posted

Hello,

I'm currently working to cashout refi my primary residence as I believe I can free up 80-100k to invest with. In working through the process with the lender I am now being asked for the reasoning for my cashout. Do I need to be worried about explaining exactly what I'm planning to do? Seems like it will be frowned upon to say I'm looking to cashout to leverage up further. 

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