Updates on rules for a cash out refi

[Kyle Nigro]

Hi all,

I just had an accepted offer on my second BRRRR in STL. I've been hearing rumors that many banks will not give out cash out refi's at six months? Is there any truth to this?

Thanks,

Kyle

[Mark Munson]

Hi @Kyle Nigro

"Banks" is a broad term. There are plenty of DSCR lenders that are still cashing out up to 75% LTV after 6 months of ownership. If you need recommendations, feel free to message me.