Lending Environment - Anyone else confused??!?

[Paul McCormack]

Hello Everyone,

I want to refinance two of my investment properties. Both have been owned by me for less than 6 months. Both were bought for significant discounts, rehabbed and rented. I have talked to about 10 lenders. They ALL have different stories. Some say they can do a cash out refi, some say that they cannot refi period. Others say that they can only do a refi with $1,500. I am confused, but the lenders seem even more confused!! :roll:

Has only done a cash out refi in the last thirty days? Any guidance is much appreciated.

Scottish007