Updated almost 9 years ago on . Most recent reply
Refinance
I just bought a property with a loan from hard money and i was told that i have to hold it for 6months before refinancing. I will like to know which banks refinance deals in less than 6 months in New Jersey. I will appreciate any response. Thanks
Most Popular Reply
Hi @Tayo Dare,
Case by case. Suggestion is to get it leased up first, Then you can discuss with local portfolio lenders that might consider it outside of FNMA. Catch is credit usually needs to be good 680+ and financials need to be good (W-2, Global DTI with investment under 45%)
Let me know if you have any questions and much success.
Regards,
Joe Scorese
- Joseph Scorese