Archwell - Cash-Out Refinances | Baamboozle - Baamboozle

Archwell - Cash-Out Refinances

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T or F: cash-out loans require additional debts to be paid at closing.

FALSE. Many times additional debts are paid, but it is not REQUIRED.

T or F: cash-out loans typically have lender credits/lender-paid fees

FALSE. Be sure to check your loan comments to find out how the loan was sold.

T or F: the entire appraisal fee - including the appraisal management portion - should be listed on fee line #803

TRUE. The appraisal management amount also gets broken out into its own fee line.

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