Archwell - Cash-Out Refinances
Help
T or F: cash-out loans require additional debts to be paid at closing.
FALSE. Many times additional debts are paid, but it is not REQUIRED.
T or F: cash-out loans typically have lender credits/lender-paid fees
FALSE. Be sure to check your loan comments to find out how the loan was sold.
T or F: the entire appraisal fee - including the appraisal management portion - should be listed on fee line #803
TRUE. The appraisal management amount also gets broken out into its own fee line.
Unlock this slideshow and over 2 million more with Baamboozle+
Try slideshows
Your experience on this site will be improved by allowing cookies.
Allow cookies