"That's correct. I will be trying to do it without an appraisal and use my previous total loan amount as the new base. If I were to try to do a cash out and get a new appraisal, then I would be subject to the new 620 min. score, correct?"    View Post

"Okay, that's what I thought. Apparently the guy at B of A has no clue. I got that feeling from talking to him so I wanted to verify what he was telling me. I'll try another one of the aforementioned lenders. And in my case the original (9 month old) appraisal came in at 270 and the loan was 235. But in this market I wouldn't be the least bit surprised if a new appraisal showed it as under 240. So it wouldn't be a matter of hoping that it had appreciated but hoping that it hadn't..."    View Post

"I've been confused on that as well. Is it your last base plus MIP's or your original base plus MIP's? Also, am I to understand that even in a streamline, no cash out, there will be a hard credit pull now? In the past it was just a soft pull and payment verification, no credit score involved."    View Post

"Did the FHA guidelines recently change? Last I heard you could do a "no cash out" streamline without an appraisal but now I'm being told that an appraisal is required. Is this correct?"    View Post

"How about now? Looks lie there may have been some improvements. How's 4.5 with zero points looking? And how about one point?"    View Post