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NegAm
562 Posts |
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kkhanna
106 Posts |
 Posted - 03/14/2008 : 10:46:45 AM
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So if I have a cleint who used 2 loans to purcahse a property (Both loan are purchase money) can i roll both into 1 - Is that allowed.
See if they were smart they would allow people to roll 2 loans into 1 if they have that scenario right now to save money on their mortgage payments. this would allow the homeowner to keep their house longer.. |
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NegAm
562 Posts |
Posted - 03/14/2008 : 11:40:41 AM
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Doesn't look like it for cash out, but for limited cash out I don't see it's a problem.
Freddie allows cash out on their guidelines. |
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