Can we use cashout refinance money for a downpayment in a rental property?

Absolutely.. the payment will be calculated in with your other obligations when determining your debt to income ratio. I'm a Broker here in Scottsdale AZ and I only lend in Arizona. If you or someone you know is looking for financing options, feel free to contact me or pass along my information. William J. Acres, Lender411's number ONE lender in Arizona. 480-287-5714 WilliamAcres.com

Yes you can use money from a cash out transaction to purchase another property. If I can help please let me know. Ken Burrows - 888-320-7888 - ken@mortgagesforamerica.org