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#1830184 - 07/03/13 04:20 PM Rescission - home no longer primary dwelling
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Joined: Nov 2008
Posts: 1,109
In the mountains
When refinancing a loan that was previously secured by the consumer's primary dwelling but is now their investment property, would ROR apply since it is no longer the primary dwelling?
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Lending Compliance
#1830192 - 07/03/13 04:30 PM Re: Rescission - home no longer primary dwelling Likes to Comply
Truffle Royale Offline

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You don't look to the loan being refinanced to determine anything on the current loan.
So no RoR or GFE or page 3 of HUD required on investment property.

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#1830402 - 07/03/13 08:02 PM Re: Rescission - home no longer primary dwelling Likes to Comply
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Diamond Poster
Joined: Nov 2008
Posts: 1,109
In the mountains
Thanks!
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