Refinancing A Rental
Hello,
I was wondering how soon can you refinance a property that was for sale and just expired on the MLS listing. Is there a waiting period? I am in South Carolina.
Thanks in advance for your replies.
I am not licensed in SC, but many lenders consider the listing price the maximum the house could appraise at. Subprime, a recent listing will really limit your options. If you qualify for conforming, then 3-6 months should be enough.
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I need more info on what type of bank?
Look into CREDIT UNIONS they may be easier to start.