Skip to content
Private Lending & Conventional Mortgage Advice

User Stats

103
Posts
2
Votes
Anthony Kondor
  • Rental Property Investor
  • Chicago, IL
2
Votes |
103
Posts

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

Anthony Kondor
  • Rental Property Investor
  • Chicago, IL
Posted Apr 1 2015, 14:44

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!

Loading replies...