Fannie Mae’s “Delayed Financing:” Pay …
https://themortgagenetworkonline.com/fannie-maes-delayed-financing-pay-cash-for-your-home-today-then-cash-out-tomorrow/
Guidelines when considering delayed financing: A title search must show no liens exist on the property. Home-buyers must prove where all cash came from to purchase the property. The new mortgage may not exceed the documented property purchase price. The original purchase must have been arms-length. Documentation and proper paper trail for cash used to make original purchase. A new loan size request which does not exceed property’s original purchase price. A title search which shows that no liens exist on the home. Borrowers who purchased the subject property within the past six months are eligible for a cash-out refinance if all of the above requirements are met. A title search must show no liens exist on the property Home-buyers must prove where all cash came from to purchase the property Documentation and proper paper trail for cash used to make original purchase A new loan size request which does not exceed property’s original purchase price
A title search must show no liens exist on the property.
Home-buyers must prove where all cash came from to purchase the property.
The new mortgage may not exceed the documented property purchase price.
The original purchase must have been arms-length.
Documentation and proper paper trail for cash used to make original purchase.
A new loan size request which does not exceed property’s original purchase price.
A title search which shows that no liens exist on the home.
Borrowers who purchased the subject property within the past six months are eligible for a cash-out refinance if all of the above requirements are met.
A title search must show no liens exist on the property
Home-buyers must prove where all cash came from to purchase the property
Documentation and proper paper trail for cash used to make original purchase
A new loan size request which does not exceed property’s original purchase price
DA: 55 PA: 86 MOZ Rank: 53