All Forum Posts by: Account Closed

@Chris Piper Where do you get the information that ~55,000 properties were sold in the past 3 months in Tampa? I am in the area and would like to keep up with info like this. Thanks!

@Frank, I think if your mortgage is a fixed rate then it shouldnt matter. If you have an ARM and rates go up, be careful.

I dont know much but just did some reading on delayed refinancing after coming across this thread. Not sure if this will help or if it applies here but I found this statement,

"The new mortgage loan cannot be greater than the actual purchase price of the subject property. Rehab money invested in the subject property cannot be cashed out. Only the original purchase price can" 

You should double check if this applies to you because your assuming you are going to get 75% ARV for the refinance when the above states that is not true. Always double check with your loan officer / bank.