Refinancing to get out of HML

[David Siegel]

It seems like hard money lenders want their upfront points, but then they want their money back ASAP. They're not especially interested in you sticking around on their note.

This is apparent because their notes balloon in 6 months, typically. And one HML offers a credit on the points if you can pay back within 90 days.

So why wouldn't I attempt to refi any properties I purchased with HML funds to get a more favorable monthly payment and get them their money back ASAP? If I'm looking for a no cash back refi on something I'm trying to flip, what's the hard in just starting the refi process just as soon as the deal closes?

Would any mortgage professionals that know the ins and outs of Texas mortgage rules mind hearing the particulars of my situation outside of this forum? 

Thanks for the feedback!