Updated over 5 years ago on . Most recent reply
Cash out refinance question
Twice I have gone to the bank for a cash out refinance and the first time I ended up with a 5 year fixed with a 20 year amortization (80% to value) and the send time I ended up with a 10 year fixed (90% to value). Both times I was hoping for a 30 year fixed. What am I doing wrong? (note - one loan was $60,000 and the other was $45,000 - maybe it has to do with the size of the loan). I tell them what I want...but then they come back with something different)