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Updated over 3 years ago,
Process of Re-financing out of Hard Money Loan
Hey guys! I am looking into buying my first rental property with hard money.
I am curious to know the process a conventional lender would take to refi out of the hard money loan for the rate and term. Do they check your credit, income, and DTI? Or is it based on the equity, appraisal, and ARV of the rental?
Any insight would be great!