Tapping Homes for Cash to Get Tougher Under New FHA Limits

August 01, 2019

Wall Street Journal, Aug. 1, 2019--Ben Eisen (subscription)
The Federal Housing Administration, which insures loans for mostly first-time buyers, plans to announce Thursday it will limit cash-out refinancings in its program. Borrowers will be able to pull cash out only when the new loan amounts to 80% of the value of the home or less, down from 85%.

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