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Updated over 7 years ago,

User Stats

308
Posts
118
Votes
Jim Blackburn
  • Lender
  • Pompano Beach, FL
118
Votes |
308
Posts

Cash Out Refinance Special (Cash Purchase)

Jim Blackburn
  • Lender
  • Pompano Beach, FL
Posted

Get up to 75% cash out of the purchase price within 60 days of closing using the delayed financing guideline. 

Or wait 6 months after closing, and you can cash out 75% of the new appraised value.

Example: 

100,000 purchase price 

30,000 renovations 

180,000 after repair value

Cash out within 60 days = 75,000 loan amount

Cash out after 6 months = 145,000 loan amount

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