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Updated almost 7 years ago,

User Stats

37
Posts
6
Votes
Justin C Huggins
  • Clinton, AR
6
Votes |
37
Posts

Sell after Cash out Refinance, Primary Residence?

Justin C Huggins
  • Clinton, AR
Posted

My wife and myself purchased a home that was somewhat a fixer upper.  We have lived in the home ever since we bought it last year and have done several repairs and upgrades to the home.  We have recently had a cash out refinance to help cover the money we put into the house along with some extra.  Our plan was live in this home indefinitely, but now we have found some other homes that were potential homes for us, as we were searching for our next rental.  This brought up all kinds of conversations about better school districts for daughter and so on, needless to say we are considering moving again, if we are allowed to do so!  I don't want to cause any issues and we will stay in the house for a year if needed.  I know I am not able to rent the home for 12 months, but is there any stipulations on selling the home?    The home was refinanced with conventional loan as primary residence.  

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