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Updated over 4 years ago on . Most recent reply

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15
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Peter Kim
  • Investor
  • Nashville, TN
0
Votes |
15
Posts

3 easy refinance questions I can't find anywhere

Peter Kim
  • Investor
  • Nashville, TN
Posted

1. When you decide to refinance, is it the appraiser that determines how much the home is worth? 

2. Let's say you bought the house for 80K and you refinance for 100K (fake easy numbers). After paying that initial 80K loan off, can that extra 20K be used for anything or does it have to be expenses related to that specific home? 

3. VA Loan specifically, if I were to refinance from VA to conventional I'm guessing I would have to pay 3.5% minimal of the new loan?

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