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Updated over 4 years ago on . Most recent reply

Lendering / refinancing on all cash deal
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!