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Updated over 4 years ago on . Most recent reply

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10
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5
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Daniel Lao
  • New to Real Estate
  • San Diego, CA
5
Votes |
10
Posts

Lendering / refinancing on all cash deal

Daniel Lao
  • New to Real Estate
  • San Diego, CA
Posted

Hi BP!

I am looking at an all cash deal on a property out in the Mid West. I had some questions on some of the timing that is involved with an all cash deal. This property is about ~130K. 

Im familiar with the LTV ratios needing to be required but i've also heard of scenarios in which you can refinance out 100%.

Is it possible to refinance 100%?

Is there a seasoning period before doing so?

Would I be able to pull the appraised value out at the time of refinance or is it only the 130K?

I've heard instances that some banks don't bother with such a low amount but I could be wrong as well. 

Any information is greatly appreciated.

Thanks in advance!

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