youtor.org
Refis Refinances vs Modifications
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Video Source: www.youtube.com/watch?v=1nCQGC_oc5c
Get all your Free Resources here - https://bankerscompliance.com/banking... • Kevin discusses the potential complications and disclosures involved in mortgage refinancing. He mentions that even a modification can lead to trouble, particularly if there is new money involved. They also explain that certain disclosures, such as those related to adjustable-rate mortgages (ARMs), may need to be provided again during a refinance. He emphasizes that the ability to repay rules must be followed, even if there are no significant changes to the loan.
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