Updated over 10 years ago on . Most recent reply
Purchased with Cash. When can I refinance?
1) How long do you have to wait before you can refinance a property after buying with cash/HELOC?
2) Do you get the same interest rates or worse than if you had just financed at the start?
3) Is there a term for when you re-finance a purchased home? i.e. is this a cash out refinance?
Plan
- Buy home with HELOC (aka cash) for better deal hopefully.
- Refinance property 80% LTV into a 30-year fixed and pay off majority of HELOC.