Conventional cash-out refinance
GPTKB entity
Statements (28)
| Predicate | Object |
|---|---|
| gptkbp:instanceOf |
Mortgage refinancing
|
| gptkbp:affects |
Interest rate
Monthly payment |
| gptkbp:availableOn |
Investment properties
Primary residences Second homes |
| gptkbp:cashOutLimit |
$250,000 (typical, may vary)
|
| gptkbp:excludes |
gptkb:USDA_loans
gptkb:VA_loans FHA loans |
| gptkbp:feesInclude |
Closing costs
Origination fee Appraisal fee |
| https://www.w3.org/2000/01/rdf-schema#label |
Conventional cash-out refinance
|
| gptkbp:maximumLoanToValueRatio |
80%
|
| gptkbp:minimumCreditScore |
620
|
| gptkbp:purpose |
Access home equity
Replace existing mortgage |
| gptkbp:regulates |
gptkb:Fannie_Mae
gptkb:Freddie_Mac |
| gptkbp:requires |
Credit check
Home appraisal Income verification Private mortgage insurance (if LTV > 80%) Sufficient home equity |
| gptkbp:type |
Conventional loan
|
| gptkbp:bfsParent |
gptkb:FHA_Cash-Out_Refinance
|
| gptkbp:bfsLayer |
7
|