I Bought a house subject to 6 months ago. Closed at a title company I Have the deed I own the house I am looking to pay off the existing mortgage that is not mine. I am looking to do a cash out refinance. Can this still be done now? I am having a hard time in my area with lenders understanding what I am trying to do. One stated continuity of obligation issue the other said I have to have 6 months to a year payment history. Can I refinance? As I plan to keep this property as owner occupied now that I fixed it up. Thanks

Chris MillerPoster

Flipper/Rehabber
Hampton, VA

Posted January 12, 2016 13:54

I Bought a house subject to 6 months ago. Closed at a title company I Have the deed I own the house I am looking to pay off the existing mortgage that is not mine. I am looking to do a cash out refinance. Can this still be done now? I am having a hard time in my area with lenders understanding what I am trying to do. One stated continuity of obligation issue the other said I have to have 6 months to a year payment history. Can I refinance? As I plan to keep this property as owner occupied now that I fixed it up. Thanks

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