Sell investment property after cash out refinance

[William C.]

I did a cash out refinance on my investment property 8 months ago.  Now I am in the process of selling it, and my loan broker told me I have to wait one year after the refinance to sell the house.  I'd like to hear from other investors after this restriction.  Have you met this problem before?  Is there any way to work around it?

Thanks so much for any comments!

[Ryan Johnston]

Hey guys.  Mortgage Lender here.  Sounds like the broker(s) may be trying to protect his commission on the deal, if he is the person that closed the refinance.  Depending on their company policy, the broker/lender may have to repay his commission if loan is paid off within 6-12 months.