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Updated about 7 years ago,

Paul Thompson's profile image
Paul Thompson's profile image
Paul Thompson
  • from Edmond, Oklahoma
  • Member since Sep 1, 2017
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23
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Paul Thompson's profile image
Paul Thompson's profile image
Paul Thompson
  • from Edmond, Oklahoma
  • Member since Sep 1, 2017
Connect
Paul Thompson
  • Edmond, OK
4
Votes |
23
Posts
Rehabbing & House Flipping

Brrrr: Bank said they would refinance with a 15 yr mortgage

Paul Thompson
  • Edmond, OK
Posted

Spoke with a bank that doesn't require any "seasoning" before refinancing, however the mortgage would be amortized over 15yrs. Is this typical? This obviously would require higher monthly payments that would eat into my monthly cash flow calculations. Do I need to shop around more or is this standard? Thanks

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