The seasoning period

[Phillip Vaughan]

Hello,

I was hoping to get some clarification on refinancing with a conventional mortgage. I understand that banks will usually refi up to 75% or 80% LTV, but I have a question about the seasoning period. Is it true that the bank will refi for the full value of the house after the seasoning period? Does that mean that they will refi the 80% LTV before the seasoning period? If I purchased a rental property, would I be able to refi with a conventional loan a couple months later at the 80%LTV? or would they still require me to wait about 6 months before doing any refinancing at all?