Refinance a cash purchase
If we were to borrow money from family to pay for a home in cash, can we refinance it later to pay back family? How long do you have to wait? by llamada723 from Phoenix, Arizona. May 2nd 2017
Paul Wakefield (paul@approveAmortgage.com)
#66 ranked lender in Arizona - 1 contribution
Need 6 months seasoning on the Deed. Could take cash out up to 80% of the value of the home.Paul Wakefield - VIP Mortgage Inc. - 602-697-7147
Larry Gray (lgray_312_247)
#597 ranked lender in California - 1,139 contributions
It is possible with 6 months seasoning on the deed.
William J Acres (William_Acres)
#74 ranked lender in Arizona - 8,728 contributions
More info needed, but based on the limited info you provided, you would need to wait 6 months before you can apply.. I'm a preferred Lender with Arizona and California being my primary markets. If you or someone you know is looking for financing options, feel free to contact me or pass along my information. 480-287-5714 WilliamAcres.com NMLS# 226347 / RPM Mortgage NMLS 1541014 / AZMB0121893
Joe Metzler (JoeMetzler)
#17 ranked lender in Minnesota - 4,848 contributions
Yes, you can do that, and amazingly... a surprising number of people actually do that. Generally, you'll need to wait 6 months
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