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Personal Finances / Buying or Selling a Home


Subject:  Re: Mortgage Date:  9/29/2019  8:06 PM
Author:  inparadise Number:  129260 of 129287

As long as the mortgage is made within 90 days of the initial purchase, it's still considered an acquisition mortgage, not a cash-out mortgage.

I was told not even one day later on our asset based mortgage. It was with Amerisave and they sell their loans almost instantly, so perhaps it's just being conservative on their part, perhaps he didn't know what he was talking about, though its the 4th loan we do with him and he's always been spot on.

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