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Updated over 3 years ago on . Most recent reply

Ralph Ace's profile image
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Ralph Ace
  • Real Estate Agent
  • from Chicago, IL
  • Member since Apr 25, 2020
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Ralph Ace's profile image
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Ralph Ace
  • Real Estate Agent
  • from Chicago, IL
  • Member since Apr 25, 2020
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Ralph Ace
  • Real Estate Agent
  • Chicago, IL
10
Votes |
43
Posts
General Real Estate Investing

How often can you do cash-out refinance?

Ralph Ace
  • Real Estate Agent
  • Chicago, IL
Posted

I bought a property and remodeled it. It's now worth more and now have equity in it. 

Can I do a cash-out refinance on it?  I only own it for 3 months.  

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Nicholas Covington's profile image
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Nicholas Covington
  • Mortgage Broker
  • from Dallas, TX
  • Member since Mar 27, 2017
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Nicholas Covington
  • Mortgage Broker
  • from Dallas, TX
  • Member since Mar 27, 2017
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Nicholas Covington
  • Mortgage Broker
  • Dallas, TX
275
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657
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Nicholas Covington
  • Mortgage Broker
  • Dallas, TX
Replied

@Ralph Ace

As stated there are lenders that require 6 months or more on title. There are also lender that do not require any “seasoning.” As a mortgage broker I can point you in the direction, you are welcome to send me a PM.

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