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15
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Derrick James
  • Philadelphia, PA
3
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15
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Purchase and cash out refinancing loans

Derrick James
  • Philadelphia, PA
Posted

I'm a new investor and I have a question If I'm purchasing a home for rental with a hard money loan for 300k and the house is worth 500k can u so a cash out refinance loan while I still have my purchase loan active and if so how long do I have to wait

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2,377
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747
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Harjeet Bhatti
  • Lender
  • Glenview IL- CDLP NMLS#230554
747
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2,377
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Harjeet Bhatti
  • Lender
  • Glenview IL- CDLP NMLS#230554
Replied

@Derrick James You can cash out after 6 month under conventional lending although there are other options available under portfolio product.  

  • Harjeet Bhatti
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