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Paying cash and then refinancing into 30 years fixed. Possible? Pros/cons?
Hi all,
I am new to RE investing and recently bought a few SFHs from the same builder. I realized that builder gave many more incentives when I paid cash vs when I used an outside lender (builder’s price with their lender was much higher). I was wondering if I am in this situation again, can I pay cash (I have the liquidity) and then refinance after closing? My RE agent said it will not be possible but I have seen people mentioning this on the forum. If it is possible then what will be the pros and cons. I think there will be some additional cost to do refi and reissue of title policy. How much that should run? Any other thing I am missing?