A borrower scenario raises a question about Refinance Types. Which answer should Frankie rely on?
Correct Answer
B) 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".
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