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Updated over 3 years ago on . Most recent reply

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Questions about refinancing

Colby Valladares
Posted

I am looking at a duplex the owner is willing to finance with 10% down and carry the loan for 6 months for a balloon payment my plan will be to rehab the units and property then rent it and refinance it. My question is what do you need to refinance I don’t have a stable job I work seasonally but I have enough for the down payment and to pay for rehab and other unforeseen expenses. Im just wondering is there certain criteria to refinance? Thank you!

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