Santa Barbara Edhat : Jeffrey Schlossberg

Lenders charge extra for cash-out transactions for loans over $417000 and the rules on what constitutes cash-out have changed. Debt consolidation is considered cash-out in almost every instance. From the loan professional's point of view, the amount of ... In other words, student loans, car payments, and revolving debt all need to be covered, usually at a ratio of at least 200%. A payment of $1000 requires income of at least $2000. That's in addition to the house payment, ...