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Updated over 4 years ago,
Lenders no longer Cash out Refi. WHY?
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?
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