Thread Starter: SMQ, CRCM
Title: Re: Refi vs Cash out refi vs Home Improvement
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And don't get too hung up on what the applicant calls it, they don't read definitions.
Your bank does not have a cash out refi product, so that's out.
Agree with Randy, you made him a loan for the dirt which is now improved property. This is a dwelling secured loan that satisfies and replaces a dwelling secured (improved property) loan.
Refi trumps HI.
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