Just purchased looking at refinancing but could use opinions

[Brett Lee]

I just purchased our family home for 366k and it is worth $425k-450k. I am interested in refinancing so i can pull money out to buy another house. Also, wanting to get out of pmi. Looking for thoughts from BP members as well as contacts for good refinance lenders for this scenario Any advice would be greatly appreciated!

[Diana Muresan]

@Brett Lee you can flip with a FannieMae HomeStyle renovation loan for 1 unit investment property, only 15% Downpayment an includes the renovation costs, you can build your 3% seller concession to cover closing costs and you don’t need to make mortgage payments during the renovation period, you can roll up to 6 months into your loan. You can refi or sell after Reno is done.