I have a property that I am about to purchase, straight cash, and want to know if anyone here as used the Fannie Mae exemption (pull 70-80% of LTV refi on the ARV of any given property). What kind of properties qualify and what do I have to do to get the process started?
Any input will help.
You can cash out under delayed financing exception. You can cash out on any type of property under confirming loan limit up to 70% of appraisal value but no more than the actual documented amount of initial investment,