
Cash And Dash!
What is a Cash And Dash? Many people are not aware of a rule that has altered, made more expensive, or stopped people’s refinance attempts. This rule related to Conforming Loans which are loans up to $417,000. It also related to Conforming-Jumbo loans which are loans from $417,001 to $729,750. If you are refinancing and paying off any 2nd trust Home Equity Line of Credit or Home Equity Loan that the transaction must be deemed a ‘cash out refinance’. It cannot be called a ‘no cash out refinance’. This is important for several reasons. Read More