My favorite program has a 90-day seasoning requirement, and we often kick off the refinance around day 45-60 of ownership. 

This could limit your ability to refinance in the future to lower your payments.Rental Viability: Renting out a very new home (built in 2019) may not be ideal due to potential wear and tear concerns and the fact that it's less likely to need significant repairs or updates that tenants often expect.Local Market Considerations: Chicago's property market is known for high property taxes and historically slower appreciation compared to other markets.Financial Necessity: If you don't have a strong financial or personal reason to move, such as proximity to work, family, or lifestyle changes, it may not justify the hassle and costs of buying a new primary home.I am a loan officer so feel free to reach out to me directly if you have any other questions or would just like to discuss!

You don't need to know everything to get started; you just need a foundation to build on and the rest will come through experience and then refining your education.You can build a basic understanding of investing in 3-6 months.

We understand the rates might be somewhat higher for being a second position, that is ok with us.Most lenders will just go through the motion of trying to refinance the entire position, even if they tell you otherwise at first.

Hi All- Patrick Himes with NRL Mortgage here……. A lot of questions still remain, hopefully we can answer a few of them.
Is now a good time to buy or refi?​
I’m going to wait until prices come down.​
Is this a hous...

You want to have enough space to refinance or sell.

We thought about doing a cash out refinance which would give us roughly 40,000 after closing costs.

The LO (loan officer) needs to be in constant and cohesive contact with the borrower(s), listing and buyer brokers, processor(s), underwriter, title agent and generally in the driver's seat once the contract or refinance is executed. 

Do you have the funds to refinance and keep as a rental?

If you have to refinance, you might find yourself without options.