Lets say I purchase a property with one of the following or combination of the following methods: cash, revolving line of credit, private lender, credit cards or SDIRA.
Then within a couple of months I want to establish a conventional bank loan on that property, this is not considered a refinance right?
I know there is usually a 1 year refinance restriction but the scenario I presented above is different and there are no restrictions with this, is my assumption correct?
Thank you for your guidance.
A refinance is only if you are changing the terms of a current loan on the property. The scenario you laid out would not be considered a refi.