Updated over 8 years ago on . Most recent reply
Cash Out Refinance Advice
Hello BP,
I hope all is well out there. I am looking to purchase a single family in NH for $172k (I am at 40% of my DTI for qualifying, so numbers are tight). I intend to put $50-$100k into renovating the property. I am confident, based upon comps, with the improvements it should appraise for $300-$370k, maybe more.
What is the best steps to go about this refi and does anyone recommend a lender that could really push this? keeping in mind my dti is tight.
Do I need at least 6 months of seasoning?
Thank you in advance!