New Refinance Rule Clarification
February 2nd, 2011Some of the most common questions I’ve been receiving since the mortgage rule change announcement have revolved around the 85% refinancing rule, specifically, what happens to those borrowers that purchased at 90, 95, or even 100% financing in the past few years. The prevailing thought was that these borrowers would be restricted to only renewing with their current lenders, opening up the oppo ...
