Refi a hard money loan

[Joey Johnson]

When you refi from a hard money loan to a conventional loan do you still have to pay 20% down or do you just pay the closing costs for the refi? Thanks 

[Devin Peterson]

Quote from @Joey Johnson:

When you refi from a hard money loan to a conventional loan do you still have to pay 20% down or do you just pay the closing costs for the refi? Thanks 

Joey, you can do a rate rate and term refinance up to 80% of the as-is value on your property. You should be able to roll in all your closing costs and loan amount so you have no out-of-pocket cost for the refi if you have additional equity you can also take that out up to 75% LTV. good luck!