Tuesday, March 17, 2009

FHA issues Mortgagee Letter annoucing maximum cash out 85%

FHA issues a new mortgagee letter annoucing the new maximum cashout for refiances FHA loans is 85%. Go to http://www.hud.gov/offices/adm/hudclips/letters/mortgagee/

Shirley Nault has been a mortgage professional for over 20 years. Visit her other mortgage web sites go to www.mtgview.blogspot.com or www.dutips.blogspot.com