Cash-out Refi: Terms and Timing

[Brian Bistolfo]

Hi All,

I'll be needing a cash-out refi on a rehabbed investment property in KC in a couple months. Property is bought in cash so no loan on it currently. Haven't gone through this particular process before so I'm wondering:

1. What rates are folks seeing on 15- and 30-year notes? 25% down or 20% down, my credit and income are solid.

2. How soon do I need to involve the lender in this process? I'd like to refi as soon as the property is rented out (buy-and-hold).

Many thanks!

Brian