Seasoning Refinance Or Selling
Hi: I was wondering how or where do some of the rehabbers go to refinance their rehabs because I thought most banks require 1 year of ownership?, also how do you deal with seasoning if you purchase the property rehabbed it and want to sell it after 3-4 months, wouldn't the buyers mortgage company want more than a year ownership from the seller? Thank you Goce
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You have to find the right lenders, you can find good lenders that can deal with seasoning issues and still get good rates. Mortgage banks, not brokers, might be your better choice.
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