What kind of rates are people getting for delayed financing?

[Jean Laurin]

What kind of rates are people getting for delayed financing?  Are you finding it's better to just wait for 6 month seasoning? 

Are there other good options you've found to get your cash payment and rehab costs out of your property?

[Albert Bui]

Originally posted by @Jean Laurin:

What kind of rates are people getting for delayed financing?  Are you finding it's better to just wait for 6 month seasoning? 

Are there other good options you've found to get your cash payment and rehab costs out of your property?

 Hi Jean,

Delayed financing exception or DFE is priced as a cash out refinance so you'll typically pay around .125% to .25% higher than a typical purchase or rate/term refinance. If you wait 6 months the benefit would be the extra 75% LTV as opposed to 70% max with DFE.

This extra 5% of LTV could be a big deal so plan the transactions accordingly to maximize your investing and limit your transaction costs. A good lender would be able to help you with the guidelines, however the investor and tax planning side will give you all facets of the transactions.