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Updated about 9 years ago on . Most recent reply
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Looking to do a cash out refi on my 5th conventional loan
I currently have 5 conventional loans; one on my primary and 4 rentals. I am looking to do a cash out refi on one of my rentals. Bought for 100k and its worth 140. I put 20% down.
Any lenders able to help me out and get this done?
Thanks so much
Elizabeth
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Shaun Weekes
- Loan Officer / Processor / Life & Health Agent
- Rancho Cucamonga, CA
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@Elizabeth O.
The only way to get cash out on a conventional loan will be through delayed financing. If you have owned the home for more than 6 months it won't qualify unless it's your primary.