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(0)
As long as you hold the title for 6-12 months, then you should have no problem with doing a cash-out refi.
Tanya
If you have a good mortgage broker, you can refinance it the day after you buy it, cash out.
Roger