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Cash-out loans -- the purpose is different.
February 25th, 2020 3:40 PM
Under the current industry standard, the cash-out rates will be 0.125% higher for Fannie Mae and Freddie Mac loans. So we will have a problem, can we get the lowest rates for the cash-out? The answer is no for the most of the time. 

And the loan purpose is so different. For the rate & Term, we either want to pay lower monthly payment or payoff the loans faster. For the cash-out, we will get the extra cash out, for the new investment or use it as emergency funds or student education funds etc. 

Posted in:General
Posted by Eric Fang on February 25th, 2020 3:40 PMPost a Comment

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