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Updated over 4 years ago,
Cash Out Refinance?????
Hey guys,
long time lurker and need some assistance. I have an investment property that I currently own in pinellas county. The property doesn't currently have a mortgage and a tenant has been in place for a year. My wife and I would like to do a cash-out refinance on the property, so we can use the money as a down payment for a primary home residence up north. This is my first time applying for a mortgage and general, and it seems very overwhelming especially at a time like this when everyone is attempting to refinance. Credit score is 740+. Can anyone give me some and let me know what I can expect during the process? What banks/lenders do you recommend we talk to that will be welcoming? Credit unions? Any advice is appreciated, thank you.