United Wholesale Mortgage (UWM) has introduced a Conventional Cash-Out 90 product that allows cash-out refinancing up to 90% LTV with no mortgage insurance, enhancing competition.
This product is designed to help homeowners fully leverage the current spike in home equity, which has reached record levels. It offers less restrictive options for borrowers.
The announcement of this new loan product comes amid a competitive landscape for refinances as interest rates fluctuate, presenting new opportunities for borrowers looking to access their equity.
With rising competition for lower mortgage rates, UWM's offering may give mortgage brokers a significant advantage over traditional banks, which often impose stricter requirements.
Collection
[
|
...
]