refinance

[Cesar Ramirez]

This is defenetly a new-be question. but here it goes so lets say i buy a property for 100,000  on a conventional loan 20 percent (20,000)  is there a way to refinance and get those 20,000 back and just have a loan of 100,000. and if so how long after can it be done is it something that can b done a few months after if at all 

[Bob Green]

If you choose the delayed finance option, remember lender will be qualifying you based on credit score and personal debt to income ratios, also.  This means you will be required to provide tax returns, pay stubs, job history, etc. In the unconventional lending world we do not look at your personal income or debts at all. No tax return, no pay stubs, no job history. We qualify you based on credit, loan to value and cash flow of the property.