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Updated over 11 years ago on .

Shawn Thom's profile image
Shawn Thom's profile image
Shawn Thom
  • Investor
  • from McKinney, Texas
  • Member since May 22, 2012
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User Stats

588
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224
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Shawn Thom's profile image
Shawn Thom's profile image
Shawn Thom
  • Investor
  • from McKinney, Texas
  • Member since May 22, 2012
Connect
Shawn Thom
  • Investor
  • McKinney, TX
224
Votes |
588
Posts
Buying & Selling Real Estate

New Mortgage Laws

Shawn Thom
  • Investor
  • McKinney, TX
Posted

My mortgage broker said that the new Jan 10 laws limit cash our refi. I haven't been able to find any details on that and I haven't seen any mention of that on here. Anybody know any details?

Details are current hard money (not quite full hard money terms) is $53k, should appraise around $95k plus. I was hoping to refi for about $65. Purchase date was 11/1.

he said if I wanted to wait more than 6 months I could cash out refi.

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