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Updated over 5 years ago,
Refinance after cash out- Any waiting period?
Hi BP Members,
Here is the situation,
I own an investment property since 2017. I recently did a cash out refinance which paid off the initial mortgage and I got some cash out. Now, I want to refinance again and lower my rates. The lender is saying there has been 6 months wait between cash out and then subsequent refinance. I couldn't find any fannie mae regulations for this.
Does anyone know if there is any such regulations or this is just an overlay which the lender has created?
Thanks,
Rian