Are cash out deals illegal?
Getting a loan that includes cash out is not illegal if it was why would lenders offer these loans? But before you run off and use that answer. Give me an example of what you want to do. If what you want to do hides any thing from the lender then I would say that yes it is illegal.
Is the best way to "cash out" a no-season refi, acquire a line of credit from the bank, or try to somehow get it at closing?
Getting a loan that includes cash out is not illegal if it was why would lenders offer these loans?
But before you run off and use that answer. Give me an example of what you want to do.
If what you want to do hides any thing from the lender then I would say that yes it is illegal.
Is the best way to "cash out" a no-season refi, acquire a line of credit from the bank, or try to somehow get it at closing?