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Updated over 4 years ago, 03/12/2020

User Stats

17
Posts
2
Votes
Shaun Marks
  • Investor
  • BILLINGS MT
2
Votes |
17
Posts

New purchase like to do a cash out refi

Shaun Marks
  • Investor
  • BILLINGS MT
Posted

So today I purchased a home and paid for that home off of a heloc I had on my personal residents so basically in banks eyes I wrote a check for the new home the seller wanted to do a quick close and didn’t want to lose out on the deal so my question is

is there a bank out there that will let me do a cash out refi from day 1 of ownership off of full appraisal for 75-90% LTV To get my heloc paid back and put some money back in my pocket I like to get a conventional 30 yr. mortgage on this property so my rate is locked and don't jump around property located in Montana

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