Thank for you taking my call. As I stated this file has no mortgage currently and was
purchased 1 month ago.
The rate/term would be adding a mortgage to a property that has no mortgage. That is
at no benefit to the client.
Here are the guidelines. The client would need to come back once he reaches 6 months
on title seasoning.
Client Eligibility ID x103284
If at least one client has been on title greater than or equal to 6 months prior to closing,
cash out is allowed.