Help with Refinance

[Chaim S.]

Hi All,

I bought a property end of 2024 in south jersey and had some work done and want to pull out some of the equity.

1) How would I know an estimate of how much the ARV is before paying for an actual bank appraisal? Would it be a question to my PM or Agent that helped me with the purchase?

2) At purchase I did a 30 year fixed mortgage and when I'm reaching out to my lender now he's saying I can't do a cash out refinance within 12 months of purchase, is there any way to get around that?

I'm still new to the RE game and am learning, so hope someone would be able to assist me with this.