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Updated 6 days ago on . Most recent reply

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6
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Kolin Goff
  • St. Louis, MO
5
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6
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Looking to refinance a traditional 30yr mortgage before 12 months

Kolin Goff
  • St. Louis, MO
Posted

Hi all - I have a traditional 30yr Fannie/Freddie loan with 25% down on a duplex that is currently rented out and cashflowing well. I have forced an additional 30% of appreciation through some redesign and repairs. Are there any loan products I’d be able to cash-out refinance into before 12 months of seasoning? I seem to get mixed messages in my research. Thank you!  

  • Kolin Goff
  • Most Popular Reply

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    Alex Bekeza
    • Lender
    • Los Angeles, CA
    1,276
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    Alex Bekeza
    • Lender
    • Los Angeles, CA
    Replied

    @Kolin Goff I invest in Saint Louis too (South City) and I just sent you a PM with some info on cashing out prior to 12 months and I think you'll be surprised that pricing will stand up toe to toe with conventional without needing 12 months AND offer higher LTV on a duplex investment than conventional.

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