2 questions Can I refinance a Private Loan , and do I need good credit

[Anthony Kondor]

Ok I am buying a 2 unit for 60,000 it needs 30,000 in rehab, and I'm going to live in one side and rent the other side out, Can I refinance a private loan and refinance with a cash out refinace after 3-6 months, if so please tell me the process? Also do i need good credit to do a cash out refinance ,and if i do what is the required or suggested credit score I have. And also If you know of any good Mortgage lenders in Illinois please refer them to me thanks!

[Ashley Pimsner]

Give Mike Plating a call as he is an excellent Illinois mortgage broker that has helped me with numerous deals, he should be able to answer all your questions

http://theplatingteam.com