Will Lender refuse to lend if I Refinanced less than 1 year ago?

[Sam Stabler]

For my current primary residence, I want to either obtain do a Refinance Cash-Out or apply for a HELOC and immediately use the entire proceeds of either option along with my cash to purchase my next Primary Residence. However, I was told that I could not use either one of these options (either from the HELOC or the cash-out refi) to purchase my next primary residence if I don't wait at least 1 year because there is a clause which states you have to remain in the property for 1 year.

This sounds absurd. Is there any truth in this????