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Is a mortgage eligible for the Relief Refinance Mortgage offering if the borrowers previous application for a refinance was cancelled or denied because the LTV ratio was too high?

April 26, 2017application borrower cancelled Denied eligible mortgage offering previous Refinance relief

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Is a mortgage eligible for the Relief Refinance Mortgage offering if the borrowers previous application for a refinance was cancelled or denied because the LTV ratio was too high?

1 Answer

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Yes. There are no restrictions on refinancing under this offering if a previous mortgage application was cancelled, denied or withdrawn since the refinance mortgage never closed.