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Updated almost 7 years ago on . Most recent reply

Jack B.'s profile image
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Jack B.
  • Rental Property Investor
  • from Seattle, WA
  • Member since Nov 23, 2014
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Private Lending & Conventional Mortgage Advice

Cash out refinance: is there a new home inspection and appraisal?

Jack B.
  • Rental Property Investor
  • Seattle, WA
Posted

I have a primary residence I rented out for a few years after living there and have recently moved back into at least for now. I'm considering cash out refinancing while I'm still living there to get some cash out. I will either rent the place back out after I move out or sell it.

Is there an appraisal when doing a CO refinance? What about a home inspection?

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  • Lender
  • California
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Chris Mason
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ModeratorReplied

Appraisal yes, inspection typically no. 

  • Chris Mason
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