Before the file moves forward, Jamie must resolve an issue involving TRID Cash Out Refinance. What should happen?
Correct Answer
D) Use refinance or cash-out rules when proceeds change
Purchase, refinance, cash-out, construction, and home-equity transactions have different disclosure and risk rules. The best answer is "Use refinance or cash-out rules when proceeds change".
Why This Is the Correct Answer
Purchase, refinance, cash-out, construction, and home-equity transactions have different disclosure and risk rules. The best answer is "Use refinance or cash-out rules when proceeds change".
More Mortgage Knowledge Questions
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