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Updated almost 7 years ago,
Fannie Mae/Freddie Mac ReFi cashout based on Appraisal
The Fannie Mae and Freddie Mac guidelines are a little ambiguous when it comes to using appraised value for cash out refinance. I’m trying to get a clear answer on when that 6 months waiting period is actually satisfied. Is it the application / lock date? The date the appraisal report is completed? The date of the closing?