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
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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