Whether you can get cash out will depend on the appraised value; your maximum ltv for cash out is 85%. to go to 5% makes sense, as long as you can recoup your costs in a reasonable amount of time.
Thats not brainer
If your can lower your interest on the loan you are goign to save money any day
So if you can get a refinance for 5%
If your can lower your interest on the loan you are goign to save money any day
So if you can get a refinance for 5%
You should be able to do a streamline FHA refinance with no appraisal and no verfication of income nor assets.
This exists for another 60 days. After that you can not cover closing costs anymore. After 60 days you can still do it with an appraisal and cover the costs.
The streamline apprasial does not permit cash out.
This exists for another 60 days. After that you can not cover closing costs anymore. After 60 days you can still do it with an appraisal and cover the costs.
The streamline apprasial does not permit cash out.
