A “seasoning” question

[Copeland Duhon]

If you purchase a home with cash do you still have to own it for 6-12 months before refinancing?

[Kevin Romines]

@Copeland Duhon If you purchased it for cash and there is no liens against the property, you can use Fannie Mae's Delayed Financing loan to pull cash back out up to the limit of what you paid for the property plus roll in your refinance closing costs. You can do that from day 1 on title, at the best available interest rates. Virtually any lender can do this loan for you.

I hope that helps?