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Updated over 2 years ago, 04/25/2022
Looking for lenders - Cash out refinance
All -
I have purchased my first SFR and and challenged by the refinance portion of the BRRRR with interest rates going up.
One particular challenge is that Fannie May and Freddie Mac have a clause stating that you need to hold the property for at least 6 months before refinancing. Interest rates are expected to go up next month and I am trying to see if there are lenders out there that do not have this requirement. Any input helpful!