Open cash out refi and buying another property

[Jay Soriano]

For those professionals out there if you have an on going cash out refi at the moment and at the same time there is a deal that popped out on the market can I still but it? Is there anything could go wrong to my cash out refi process? 

Thank you in advance!

[Dave Skow]

@Jay Soriano- thanks - the loan officer on the rental  purchase  will need to know what your new primary  payment  will be  so that the  correct  payment can be  factored into the  qualifying ratios  ......if your  ratios are  fine and  you have lots of room -shouldnt be an issue  ...on the other hand if your  ratios are  tight - this  new cash out loan might be a major  issue