Do we refinance now while prices are high in order to pull out as much equity as possible for more purchases while rates are still low?

Purchase: For a purchase money transaction, the LTV is determined by dividing the loan amount by the lesser of the “as completed” appraised value of the property or the sum of the purchase price of the property and the total rehabilitation costs.Refinance Transactions: For a refinance transaction, the LTV is determined by dividing the original loan amount by the “as completed” appraised value of the property.Eligible Renovation: There are no required improvements or restrictions on the types of repairs allowed.

I was able to cash out refinance six months later at a new value of $260,000!

I have an LLC that has a commercial building in it that I need to refinance.

@Sean Cole  its regional for sure.. the ones I had in MS and AL  feed us the deals.. but lots of deals there ... its funny as we talk about this.. some parts of the country there are still plenty of deals others its very tight the deal ship has sailed and its basically pre 07 market.. one size does not fit all.in Oregon we have little to no OREO inventory anymore all those agents that specialized in it are out of business and back to doing regular real estate.. the foreclosures at court house that were 20 to 50 a week are down to 3 or 4.. with MASSIVE competition.. it all cycles that's for sure.. but I bet you can still roll into certain big cities and buy hang over inventory..

Also, some banks require "seasoning" on title before they will refinance a property.

They are different from a Private Lender and a Mortgager, as they want title at closing, with a separate contract between our company and them which would pay us at resale or “refinance,” Has anyone done business with them or is anyone familiar with that process?

There is a separate contract that promises proceeds over loan amount to our LLC at resale or refinance.

Thanks,Alison  Does your BF make enough that he might be able to refinance your primary residence just into his name?

I would like to refinance the home into a 30yr so I can get cash flow and the rates are looking higher now 4%-4.5%  The renters lease is up June 1st.