All Forum Posts by: Matt Wells

@Andrew Postell This is an extremely helpful post and I have a question. So does Fannie/Freddie not have a seasoning requirement for a cash-out refinance at ARV? That 6 months of seasoning I have to wait is my lender's decision? I am using conventional loans.

@Andrew Postell This is helpful! So, after I max out my 10 conventional investment property loans, I can get multiple conventional loans after that if they are primary. For example, I max out my 10 conventional investing loans. Then get a conventional loan on a primary residence, and move every 2 years into a new primary residence with a new conventional loan. My previous primary residence on a conventional loan effectively turns into an investment property because I've moved into a new primary residence on a new conventional loan. Then repeat as many times as I want. Does this sound accurate?

If I use up my 10 conventional Fannie Mae/Freddie Mac loans for investment properties, does that mean I can't get a conventional loan for a primary residence?

What are the current rates and points charged for a conventional cash-out refinance on a single-family home investment property? I would like to know the current trends for interest rates, points, and lender fees. I expect it to be higher based on the fed rate hike!

Should I have an open house with my personal belongings and furniture in it? I feel like most homes I see for sale online are vacant or seem staged. I don't like the idea of having an open house with strangers casing my belongings. What is the normal situation here? I admit I am probably being too paranoid and will take the obvious precautions with valuables. Some details: The house is nice. It will not be cluttered with stuff. The house will be clean. Valuables will be hidden. There are some small pets. What are the pros and cons of selling and showing my house with my furniture and belongings in it?

@Stephanie P. Thanks so much. This is the information I was looking for!

@Stephanie P. Thanks! This helps! One question. Could I cash out refinance to a conventional loan before 6 months if I refinance at the purchase price?

@David Dachtera I plan on asking my lender. Just want to hear what others say for comparison.

@Joe Villeneuve

I just want advice on this one situation. Not trying to do what plan is better than the other.

I have a rental home completely paid for with cash and a line of credit. I want to put it in a 30 year conventional mortgage. How long do I have to wait to do this? Can I do it immediately or do I have to wait 6 months on average for seasoning? I’m not trying to get all my money back after rehab. I’d rather refinance quicker with a conventional loan if possible.