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Updated over 3 years ago on . Most recent reply
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Financing an all cash purchase???
I am purchasing a property all cash. Is there a period of time I would have to wait before I could then secure a mortgage on that property.
I heard 6 months, but that might be only for a re-fi.
For context, I am buying a property for 65K. With 8 to 10K of work, it should appraise for 100K or a bit more. I hope to get a mortgage for 75% of the appraised value.