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Texas Cash Out Refi with No Seasoning

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Robin3 Joined: 23 Jul 2009 Posts: 1 1.58 Dollars($)	Posted: Thu Jul 23, 2009 8:07 pm    Post subject: Texas Cash Out Refi with No Seasoning Like 0 Dislike 0 Just bought a $ 940,000.00 big nice house will have rehab done shortly want to refi and payoff Contractor's Liens into Owner Occ Mortgage. Mortgage Lenders & Brokers here is good solid real loan now ! First Mortgage Company who can gets a great loan
smithsussane Joined: 18 Sep 2008 Posts: 10030 Location: Alaska 919.49 Dollars($)	Posted: Thu Jul 23, 2009 11:10 pm    Post subject: Like 0 Dislike 0 Hi Robin! Welcome to forums! You will not be able to refinance the mortgage immediately. You need to wait for 8-10 months in order to refinance. Unless you have equity in the property, lenders won't be ready to refinance it. Feel free to ask if you've further queries. Sussane
jim1262@aol.com Guest	Posted: Fri Oct 09, 2009 4:43 pm    Post subject: cash out re-fi no loan right now Like 0 Dislike 0 But property is on market, could pull it if you wish. Would like to take some cash out on a rental, great credit 765, no lates, over 17 r.e. loans outstanding. stated income with taxes o.k. any help??
sunnyca2009 Joined: 04 Aug 2009 Posts: 1731 35.55 Dollars($)	Posted: Fri Oct 09, 2009 5:07 pm    Post subject: Like 0 Dislike 0 One mor eitem, if the property is listed for sale, then lender will nto consider for refinance Also if you do nto have equity, then it is not possible to refinance

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