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Updated almost 8 years ago on . Most recent reply

Ryan Boren's profile image
Ryan Boren's profile image
Ryan Boren
  • Rental Property Investor
  • from Park Forest, Illinois
  • Member since Apr 8, 2016
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User Stats

52
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15
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Ryan Boren's profile image
Ryan Boren's profile image
Ryan Boren
  • Rental Property Investor
  • from Park Forest, Illinois
  • Member since Apr 8, 2016
Connect
Ryan Boren
  • Rental Property Investor
  • Park Forest, IL
15
Votes |
52
Posts
Buying & Selling Real Estate

No seasoning refinance

Ryan Boren
  • Rental Property Investor
  • Park Forest, IL
Posted
Hey BP, I currently own the title to a house to which I owe the seller 35k, which I have signed a promissory note for. I have four more months to pay the seller back the 35k with no interest. I want to pull 100k (140k ARV) out of the house in the form of a regular rate and mortgage. I contacted my usual lender and he is requesting a 12 month seasoning period. Does anyone know any banks that do no seasoning? I am located in Illinois. Thank you, Ryan B.
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