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Updated over 9 years ago,
Refinancing A Cash Purchase
This is a pretty straight forward situation, I'm buying a SFH as a rental for pennies on the dollar in cash. I want to refinance it right away to cover rehab costs and pay back my PML, is this possible with out seasoning and if so what is the best way to do this? Additionally, how much does my personal credit score and financial picture factor into me getting a refi loan? Is a home equity line of credit better in this situation?