Buying REO – all cash now, refi later?

[waterboy]

Finance the $417k now, as an offer that will have over 65% down is very strong.

[IONEGARM]

I’m with waterboy. Finance the money at purchase you get the best of all worlds, rates and protection (unlikely you’ll need recourse protection but it is better to have than not).

You can always submit the offer with no financing contingency so if everything blows up on the finance side you still close the deal all cash. That would be an extremely strong offer and you get everything you want right up front.

I’d check with a broker on seasoning, some guidelines say that you have to be on title for 12 months before before allowing cash out. Another factor to consider if you are trying the refinance later route.

[IONEGARM]

I’m with waterboy. Finance the money at purchase you get the best of all worlds, rates and protection (unlikely you’ll need recourse protection but it is better to have than not).

You can always submit the offer with no financing contingency so if everything blows up on the finance side you still close the deal all cash. That would be an extremely strong offer and you get everything you want right up front.

I’d check with a broker on seasoning, some guidelines say that you have to be on title for 12 months before before allowing cash out. Another factor to consider if you are trying the refinance later route.

[IONEGARM]

I’m with waterboy. Finance the money at purchase you get the best of all worlds, rates and protection (unlikely you’ll need recourse protection but it is better to have than not).

You can always submit the offer with no financing contingency so if everything blows up on the finance side you still close the deal all cash. That would be an extremely strong offer and you get everything you want right up front.

I’d check with a broker on seasoning, some guidelines say that you have to be on title for 12 months before before allowing cash out. Another factor to consider if you are trying the refinance later route.

[IONEGARM]

I’m with waterboy. Finance the money at purchase you get the best of all worlds, rates and protection (unlikely you’ll need recourse protection but it is better to have than not).

You can always submit the offer with no financing contingency so if everything blows up on the finance side you still close the deal all cash. That would be an extremely strong offer and you get everything you want right up front.

I’d check with a broker on seasoning, some guidelines say that you have to be on title for 12 months before before allowing cash out. Another factor to consider if you are trying the refinance later route.

[IONEGARM]

I’m with waterboy. Finance the money at purchase you get the best of all worlds, rates and protection (unlikely you’ll need recourse protection but it is better to have than not).

You can always submit the offer with no financing contingency so if everything blows up on the finance side you still close the deal all cash. That would be an extremely strong offer and you get everything you want right up front.

I’d check with a broker on seasoning, some guidelines say that you have to be on title for 12 months before before allowing cash out. Another factor to consider if you are trying the refinance later route.

[pk92108]

Black Swan..What part of town is the house in if you don’t mind saying???

thanks (just curious)

[pk92108]

Black Swan..What part of town is the house in if you don’t mind saying???

thanks (just curious)

[pk92108]

Black Swan..What part of town is the house in if you don’t mind saying???

thanks (just curious)

[pk92108]

Black Swan..What part of town is the house in if you don’t mind saying???

thanks (just curious)

[pk92108]

Black Swan..What part of town is the house in if you don’t mind saying???

thanks (just curious)

[dumbrenter]

Did you run gaussian analysis on impact of future interest rates on the refi?

[dumbrenter]

Did you run gaussian analysis on impact of future interest rates on the refi?

[dumbrenter]

Did you run gaussian analysis on impact of future interest rates on the refi?

[dumbrenter]

Did you run gaussian analysis on impact of future interest rates on the refi?

[Author]

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