VA's two cash-out refinance types and the protections each one carries
Type II disclosures
Classification
Type II cash-out refinances require a home equity comparison and other disclosures showing how the new loan changes your equity and costs. Read them before closing and ask about anything unclear.
Last reviewed against the primary sources listed below.
Read
- Home equity comparison.
- Loan comparison.
- Recoupment.
Type questions
What is the home equity comparison?
A disclosure showing equity before and after.
When do I get Type II disclosures?
Before closing.