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Updated about 3 years ago,

User Stats

6
Posts
3
Votes
Joel Bentley
Pro Member
  • Rental Property Investor
3
Votes |
6
Posts

I have refinanced wrong any suggestions?

Joel Bentley
Pro Member
  • Rental Property Investor
Posted

I recently refinanced my first home (muli family) like a brrr and did a cash out refinance. My hope were to use a FHA loan for another 10% down loan.

Now I have closed and found out my new loan is a FHA loan and that the only way is to buy using an investor loan of 20% down.

What can I do? I have enough for some property’s if 10% and closing fees. But not enough as 20%.

Is there a way to refinance again? Or something that can be done?

  • Joel Bentley
  • Loading replies...