Investor · Old Bridge, NJ · Member since 2016 · 22 posts · 0 votes
The Fannie Mae and Freddie Mac guidelines are a little ambiguous when it comes to using appraised value for cash out refinance. I’m trying to get a clear answer on when that 6 months waiting period is actually satisfied. Is it the application / lock date? The date the appraisal report is completed? The date of the closing?
Guy with Great Hair · Austin, TX · Member since 2013 · 2k+ posts · 4k+ votes
8y
It is closing date to closing date.
Meaning 6 months after you buy the house, you can refi, appraisal and underwriting can be started sooner. Managing the overlap takes some finesse but not too hard.