What lenders are doing cash out refi’s

[Chase Murphy]

What lenders are doing 80-85% cash out refi with no seasoning period ?

[Steven Goldman]

Hi Chase, at the  moment only some small regional banks will consider a 80 percent cash out refinance. None will do it with out seasoning. The market is highly unstable and the prudent lenders are restricting LTVs in order to protect themselves from a sudden deflation in prices do to a recession. That is not to say do not do a deal, but, be forewarned that the market is quickly getting more conservative. Processing and underwriting times are elongating as lenders reduce force in anticipation of the quickly decelerating market.  Do not overpay today or you will pay for it tomorrow. Good luck. @g2loans.com