Posted on: 31st Jan, 2011 05:16 pm
i recently inherited a property in dec 2010 and it has no current lien on it. i would like to do a cash out refinance but i am being told that all lenders have a minimum seasoning requirement of 6 months if not 12 months. is this correct and does anyone know of any lenders without this requirement?
Welcome Guest,
You have got the right information. Lenders have a minimum seasoning requirement of 6 months if not 12 months.
You have got the right information. Lenders have a minimum seasoning requirement of 6 months if not 12 months.
What is the purpose of the cash out? Home improvement?
Maybe you can get a construction loan. Which you can refi out of later....
just throwing things out there
Maybe you can get a construction loan. Which you can refi out of later....
just throwing things out there
