How soon can i cash out refinance after Loan and buy a house

[Michael Tng]

I needed to buy a house for $500 and they required cash. I had 300k so I did a private loan of $200k at 8% rate. It is been 2 month since I bought this house. 

I talked to my mortgage agent today and She said since I recently buy a house if i refinance i can only refinance for 200k. 

If i want to cash out refinance for more than $200k I will have to wait for 6 month since the day I bought the house. 

I wonder how accurate is that information since I think she want me to go with a lender that give her a higher % commission. 

Thanks you.