Profile picture for bobmargjack

can you cash out refinance with late payment

One late mortgage 4 months old.
one late credit six months.
  • June 30 2010 - Larchmont
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Answers (3)

should not be a issue, with a good reason for late.
  • July 01 2010
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Profile picture for Montgomery Mortgage
There are several variables.  There should be a good reason for the payments being late such as an illness or loss of time at work.  In any event, other factors like LTV, assets, debt ratios and credit score would be important.
  • July 01 2010
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Different lenders will have different requirements or penalties, but you should be able to as long as all your ratios are good. 
  • July 01 2010
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