Do Cash Out Refinance Funds Need to Season Before Use

Do Cash Out Refinance Funds Need to Season Before Use

Member since 2019 · 11 posts · 3 votes

I just cash out refinanced my house, and would immediately like to use the funds to purchase a property.  Do lenders require those funds to meld for 2 months, or because its exceptionally obvious where they came from I don't need them to season.

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  • Harjeet BhattiPro Member
    Lender · Glenview IL- CDLP NMLS#230554 · Member since 2015 · 2k+ posts · 747 votes
    5y

    @Julie Smith You can use it for down payment as long as you have proof of paper trail. 

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