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Buy With CASH Then Refinance

davese profile photo
  • Monday, August 09, 2004 @ 10:18 PM EDT
  • 2 Comments
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
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  • JohnMerchant
    JohnMerchant5th August, 2004
    0
    Reply

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

  • hyundai
    hyundai9th August, 2004
    0
    Reply

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

    Have a good day,

    Andrew

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