The Residential Real Estate Crash Index Message Board

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Strategies & Market Trends : The Residential Real Estate Crash Index

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To: The Reaper who wrote (206848)	6/11/2009 5:59:34 PM
From: Skeeter Bug	Read Replies (4) of 306849

to all: i need some advice. i'm about to close on my refi and i'm taking as much cash out as i can. they want to know what i'm doing with the cash out portion of the loan. i'm planning on doing some home remodeling and investing the rest. i have to explain the purpose of the cash out - will they have a problem with my purpose for the cash out? any insight would be appreciated. since rates are up over 1 point higher than my lock rate, i'm afraid they aren't too motivated to close my loan and will look for excuses not to close.

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