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Updated almost 4 years ago,
Seller Financing to Cash Out Refinance
Hello, my name is Kacper, I am 22 and looking too purchase a property within the next months. I have a quick question about how the full process works if you buy a house with seller financing and then would like to cash out refinance 3-6 months later. Is there anything different needed if you took a loan with the Credit Union or from the seller to getting a cash out refi? Or is it finding a Credit Union getting approved for the refinance and your good? With this, is there a "seasoning period" needed to have the title within your name. EX- the credit union requires a 6 month seasoning period before the cash out refi, thus it would be with the title of the house in your name? Correct?
Thanks !