Cash Out Refinance Special (Cash Purchase)
Get up to 75% cash out of the purchase price within 60 days of closing using the delayed financing guideline.
Or wait 6 months after closing, and you can cash out 75% of the new appraised value.
Example:
100,000 purchase price
30,000 renovations
180,000 after repair value
Cash out within 60 days = 75,000 loan amount
Cash out after 6 months = 145,000 loan amount
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