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Updated over 4 years ago, 05/28/2020

User Stats

198
Posts
25
Votes
Rick L.
  • Investor
  • Saint Louis, MO
25
Votes |
198
Posts

Cash Out Refinancing >6 months seasoning?

Rick L.
  • Investor
  • Saint Louis, MO
Posted

My mortgage broker and I dropped the ball. I'm WAS in the process of performing a cash out refinance on my 4th investment property that I purchased about six weeks ago. I just finished remodeling the place utilizing my HELOC. I've had a credit report pulled, and even received an appraisal.

However, during the underwriting process it was revealed that I'm required to own the property for at least 6 months (NOT 6 WEEKS) in order to perform a cash out refinance.  Does anyone have any suggestions to get this deal done?!?

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