What is a 'cash-in' refinance?

The opposite of a "cash-out" refinance. In this case, you would bring to escrow the difference between the maximum loan amount and the amount actually needed to close escrow. Example: Maximum loan amount based on the appraisal is $100,000. The payoff on the existing loan plus required closing costs total $105,000. You would need to bring $5,000 "Cash-in" to escrow in order to close. ~ Bert Carpenter, The LoansA2z team of NOVA Home Loans ~ NMLS 40586 ~ Certified by the National Association of Mortgage Professionals and Licensed in California and Arizona ~ Licensed in California and Arizona ~ www.LoansA2z.com 888-889-9950

If your property has declined in value or you do not meet the Loan to Value requirements for the type of loan product you've applied for, then you can "Bring Cash In" to closing to pay down your balance into compliance... I'm a Broker here in Scottsdale AZ and I only lend in Arizona. If you or someone you know is looking for financing options, feel free to contact me or pass along my information. 480-287-5714 WilliamAcres.com

You are basically paying the loan down to an acceptable amount to meet the particular investor guidelines.

You bring cash to the loan closing, to reduce the loan amount, or if the payoff(s) of the existing loan(s) is more than the new loan amount.

A cash in refinance is where you will need to bring cash to the closing to facilitate the mortgage. This can occur in a number of scenarios. One example is when the appraisal amount comes in below expectation, and to keep the loan to value at the appropriate amount, you would need to bring cash to closing to make up the difference and cover settlment charges. I am only licensed in CT. Michael A. Kirkutis, CT DOB NMLS #111599, MAK Mortgage Company, Inc., CT DOB NMLS #103552. MORTGAGE BROKER ONLY, NOT A MORTGAGE LENDER OR MORTGAGE CORRESPONDENT LENDER. www.cthomemortageloan.com.

I have a very good loan officer referral for you in california .linda yourloanpartnerforlife@live.com