Is there a seasoning requirement if the no cash out refinance pays off a commercial note?

No... the only time the lender cares about what our doing with the cash out is if your paying off debt to qualify for the loan. Example: Your DTI exceeds maximum standards, so you agree to close Credit Card accounts to qualify. other wise, there is no seasoning requirements.. .. 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

Could you clarify what kind of refinance you are referring to? Is it on your primary home, investment property, or a commercial property? Normally, on a primary property paying off a second is considered a cash-out loan if it was not used in the original purchase of the house, otherwise a seasoning is required.In most cases paying a note on a property that is not the primary loan on that property, or a second on the property that was not used originally to purchase the property, it will be considered a cash out loan. Seasoning on being able to pay off a second not part of the original purchase in a non-cashout loan, depends on who the investor is.