Good Afternoon everyone,
I am using cash from a 'hard money' lender to acquire the property, I was wondering should I call the bank ahead of time when it comes to getting financing? Thanks.
@Andrew Pettit You have to wait 6 month when you are using HML to cash out under conventional loan. Rate and term can be done any time.
Thanks, Harjeet I appreciate it.
Yes but you should establish relationship ahead of time and make sure you have a place for the refi. Don’t start looking 5.5 months from now.
"Don't start looking 5.5 months from now," you mean to start now?
Also be sure you are on the same page with ACTUAL terms, LTV%'s , dates, etc... with these actual local lenders.