San Diego Housing Market News and Analysis
Have you heard of a 6 months cash-out refinance waiting period?
User Forum Topic
Submitted by flu on June 26, 2012 - 11:14am
I have a question for folks.
I was just talking to absolute mortgage. It appears that if one buys a property with cash, and then wants to cash-out refinance (assuming the property qualifies), there is a 6 month waiting period before you can get the loan.
Anyone know why?
Also, I'm seeing places will do a maximum LTV of 70-75% on an investment.
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