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Get Net Tangible Benefit Fannie Mae

R than all monthly obligations financed and borrower is not charged excessive costs and fees. 4. There is a beneficial change in the loan term. 5. The borrower receives cash-out in excess of the costs and fees of refinancing. 6. The note rate is reduced. 7. The note rate is reduced by at least 2%. 8. There is a change from an adjustable rate to a fixed rate and the borrower is not charged excessive costs and fees. 9. There is a change from an adjustable rate to a fixed rate and the borrower can.

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