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Updated 4 months ago on . Most recent reply

Sam Chan's profile image
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Sam Chan
  • Member since Dec 11, 2021
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Sam Chan's profile image
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Sam Chan
  • Member since Dec 11, 2021
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Sam Chan
10
Votes |
22
Posts
Private Lending & Conventional Mortgage Advice

Investment property refinance

Sam Chan
Posted

I purchased the investment property in May and was told that I have to wait 6 payments before I can refinance. Why do I have to wait if I am only doing a rate and term refinancing.

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Brandon Croucier's profile image
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Brandon Croucier
  • Lender
  • from Newport Beach, CA
  • Member since Feb 16, 2024
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Brandon Croucier's profile image
Brandon Croucier's profile image
Brandon Croucier
  • Lender
  • from Newport Beach, CA
  • Member since Feb 16, 2024
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Brandon Croucier
  • Lender
  • Newport Beach, CA
225
Votes |
543
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Brandon Croucier
  • Lender
  • Newport Beach, CA
Replied

So the lender keeps their commission haha.


You can use your purchase value to refi down if you like.

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