Seasoning And SubTo

If I buy a property subto and wait a year before refinancing will this season the property enough to refi with cash out?

Anybody have any experience with this?

Does the bank look at the HUD-1 or your credit report to determine seasoning?

JohnCl

Comments(2)

  • tanya121521st February, 2004

    As long as you hold the title for 6-12 months, then you should have no problem with doing a cash-out refi.

    Tanya

  • rajwarrior21st February, 2004

    If you have a good mortgage broker, you can refinance it the day after you buy it, cash out.

    Roger

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