Buy With CASH Then Refinance

I have a property I want to buy with cash then refinance since the rate is cheaper. My question is If the property appraises at 130K I buy it for 85K cash can i turn around and get it refinanced right away for 95K?

Thank you

Comments(2)

  • JohnMerchant5th August, 2004

    I'd suggest this be moved by you to some other forum as it's in no way a legal question.
    [addsig]

  • hyundai9th August, 2004

    I'm sure with a good mortgage broker you would have no trouble.

    Have a good day,

    Andrew

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