Cash out refinance time frame

[Ryan Keenan]

hi bp,

I'm buying a investment property with 25% down with hopes of doing a cash out refinance in 6months on new appraisal. This is a  2 unit property. My lender told me he think it's 12 months but he is going to double check. Does anyone know for sure?

Also if it is a bank overlay and there is a bank who will do it in 6months is it a bad idea or frowned upon to go to another bank in 6months. Basically your bridge is burned with the bank who originally got you the loan?

Thanks!