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Refinancing - same underwriting as new mortgage?

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Anonymous
Not applicable

Refinancing - same underwriting as new mortgage?

Hello!

 

So, is there any difference in the underwriting process for refinancing vs straight out new mortgage underwriting?

 

No it is not Fannie backed.......

 

 

Message 1 of 2
1 REPLY 1
ezdriver
Senior Contributor

Re: Refinancing - same underwriting as new mortgage?

Process is similar except for the appraisal part. Sometimes a "drive-by" appraisal inspection is sufficient and a full appraisal is done if not.

Message 2 of 2
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