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Updated over 4 years ago on . Most recent reply
Bought a house Cash 2 months ago. Lenders are saying no cash out
Bought a house cash in July. Im nearing the end of my Renovation. Im in Arlington Tx. 2 different lenders are now telling me they can not do a cash out refinance for at least 6 months.
I have no mortgage of any kind on the house. Its a 300k house and im trying to just take 100k out.
is this correct? Even though I have no mortgage on it- I can't do any kind of refinance for 4 more months?
Most Popular Reply
Wayne Brooks
#1 Foreclosures Contributor
#1 Foreclosures Contributor
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- West Palm Beach, FL
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Wayne Brooks#1 Foreclosures Contributor
#1 Foreclosures Contributor
- Real Estate Professional
- West Palm Beach, FL
Look for “delayed financing”....different requirements than a “cash out” refi.