I would request an approval letter from a bank stating that the person I am lending to can get refinanced if need be.

Will I have any issues with the Mortgage Company if I end up converting the property into a rental property a few months after I refinanced it as a primary residence?

Will I have any issues with the Mortgage Company if I end up converting the property into a rental property a few months after I refinanced it as a primary residence?

Also, HELOC have restrictions with regard to refinancing from the last time you drew money from the account.

He might be able to give you some ideas that could help you or get this refinanced, I know he has helped others in similar situations in the past, you might call him and just see what he has to offer" The loan officer may use some disclaimer, such as "Mr.

I bring this out to point out that RE, financing, and apprasials are so closely tied together that there needs to be communication between all the parties.

3) If there is X yr ballon term, is refinancing the only option at the end of X yr without selling and paying cash?

.- Finally, regarding your possible need for cash, there are two approaches to consider: 1) taking some 'cash boot' from the transaction and only paying taxes on the actual cash received (referred to as a partial exchange) or 2) doing a fully deferred exchange but refinancing shortly after the exchange is completed to pull out the needed cash without paying any capital gain taxes at all.

I've been able to use hard money for a purchases and then refinanced after seasoning.

On another one, the seller through a fit that I hadn't refinanced the property a few years after I'd purchased the property.