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Strategies & Market Trends : Stock Attack II - A Complete Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Jack of All Trades who wrote (43456)	2/21/2003 1:17:00 PM
From: Gamma Positive	Read Replies (1) \| Respond to of 52237

It probably depends on a number of factors, among them locale, loan amount, and FICO (credit score). When I went to close on my cash-out refi last year, the closing agent was surprised by my low rate, saying mine was the lowest rate she had ever seen. It was my first cash-out, but have closed many mortgages in the past. And paperwork was less than other refi's, due in large part to the lender. However the type of info requested was fairly standard as any other refi I have done, nothing extra for a cash-out that I could detect. I always recommend zero-cost refi's. There are plenty in the Chicagoland area. The stipulation on cash-out's are that you still have enough equity in your house (whatever that level may be, I stay very clear of any maximum). It also doesn't hurt to have a excellent FICO score.