You might think, since I already own the property why do I have to pay closing costs like when I purchased a new property?
Each time you get a new loan on your property, you still have to go through the approval process to verify that you are able to repay that loan. (Exceptions: FHA streamlines and VA IRRRL)
As you go through the process of getting approved, there are dozens of people involved that take your loan from point A (initial application) to point Z. … (0 comments)
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