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Updated over 4 years ago on . Most recent reply
Cash Out Refinancing >6 months seasoning?
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?!?