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Updated over 4 years ago on . Most recent reply

Jon Q.'s profile image
Jon Q.'s profile image
Jon Q.
  • Investor
  • from Berkeley, CA
  • Member since Jul 28, 2015
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Jon Q.'s profile image
Jon Q.'s profile image
Jon Q.
  • Investor
  • from Berkeley, CA
  • Member since Jul 28, 2015
Connect
Jon Q.
  • Investor
  • Berkeley, CA
713
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1,469
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General Landlording & Rental Properties

Lenders no longer Cash out Refi. WHY?

Jon Q.
  • Investor
  • Berkeley, CA
Posted

To those of you in lending,

I was told by a friend who’s seeking to get a cash out refi @ TIAA that they are no longer providing cash out refi’s.  

My friend was seeking a Fannie Mae loan / cash out refi, high credit scores, plenty of income.

Any idea why lenders are now refusing to cash out refi?


th

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