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#2242099 - 09/04/20 08:33 PM Refinance or Purchase
laf0915 Offline
100 Club
Joined: May 2006
Posts: 232
We have a loan for the purpose of refinancing multiple investment properties along with obtaining cash out for future purchase of rental properties. Do I report as purchase for HMDA and just pick one of the investment properties to report on. We obviously do not have an address of the property that may be purchased with proceeds.

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#2242122 - 09/08/20 03:59 PM Re: Refinance or Purchase laf0915
Mountaineers_Fan Offline
Joined: Jun 2018
Posts: 94
You'd report it as a purchase. The address to report would be one of the collateral properties.

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