If I bought a house with cash, could I cash-out of it in say one week? Would moving into the house help the situation? Thanks Tom
The simple answer is "yes." You just need the right lender. Try PHH, they will do a cash-out refi with no seasoning. They did one for me earlier this year.
might you have a strategy for getting the payment as low as possible at 80 LTV?... I guess my question is: what is the most pracitcal, legal way to go about saving money on cash-out interest rates. When I look at a bank rate sheet you get killed for a cash-out on an investment property. Any creative altervatives for cashing-out or should I just get over it and worry about the equity in the deals? I guess once I get more available cash I could cash out at 70% and save on the interest rate. just rambling...tom
The simple answer is "yes."
You just need the right lender. Try PHH, they will do a cash-out refi with no seasoning.
They did one for me earlier this year.
might you have a strategy for getting the payment as low as possible at 80 LTV?...
I guess my question is: what is the most pracitcal, legal way to go about saving money on cash-out interest rates.
When I look at a bank rate sheet you get killed for a cash-out on an investment property.
Any creative altervatives for cashing-out or should I just get over it and worry about the equity in the deals?
I guess once I get more available cash I could cash out at 70% and save on the interest rate.
just rambling...tom