Paying cash and then refinancing into 30 years fixed. Possible? Pros/cons?

[Sartaj G.]

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?