So if you could refinance your mom’s mortgage for around 3% the payment would be only a little over $800.

I’ve been looking to buy a SFH or Townhouse but I have yet to find a piece of property that will yield me the ROI I’m looking for.After I do my cash-out refinance, I’ll have a decent portion in the bank but I don’t think I’ll find a rental property this year that meets my criteria.  

I am trying to better understand the loan process and specifically want to know what sort of due diligence is done on the current lien holder on a property during a refinance, if any. 

Cash out from a refinance is not income to your parents.

I highly recommend @Tim Swierczek - he recently helped a couple of my clients with cash out refinances on their Rochester portfolio.

It was a refinance after the borrower had bought the property with cash and renovated it. 

Hello,I am trying to cash out refinance a 3Br, 2 Ba SFR in DFW area.

I figure I can also refinance the home and take out whatever I've put into it at the end of the year to free up some cash, but the risk just feels rough for me to wrap my head around.

We just finished our cash-out refinance on our primary residence and we’re discussing a potential partnership.

You have to go off of the purchase price if you want to refinance within the 6 month window.