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Updated over 8 years ago on . Most recent reply

refinancing for cash- can't purchase for a year???
Hello, my husband and I are planning to refinance our home, pull money out to use toward a down payment on the purchase of a second home so we can rent out our first home. Is it true that we have to sign something that we plan on living in our house for a year? Any advice or tips regarding this matter? We are planning to refinance now and purchase a second home in about six months. Thanks!!!