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Refinance question after several years

A couple bought a property for 100k with 3% down. If the couple attempts refinancing in several years and the balance is $80k, will the new lender question the payoff amount of the previous loan? Is it necessary for them to know where the money came from to pay down the loan? by nmblack614 from Chino Hills, California. Jul 25th 2022 Reply


John Burke (jburke)
#27 ranked lender in Texas - 321 contributions

No, the lender will not care. | John Burke | Senior Mortgage Banker | Lending in ALL 50 states |Stride Bank | jburke@stridebank.com | (877)228-9069 | NMLS# 787231 |

Aug 4th 2022
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