Posted on: 30th Jan, 2011 09:49 pm
Is there a time frame I have to wait for?
The investors I deal with require 6 months of seasoning. If you're looking to take equity out of your home, it's anywhere from 6 months to a year.
Some portfolio lenders allow you to refinance next day.
Other mortgages require longer as noted above.
Depends on size of mortgage versus value of property and what mortgage lenders and types of mortgages you have access to in your state.
There is no simple answer to your question.
Need to know property appraised value.
State in which property is located.
Mortgage amount you are looking for.
Debt ratios
Other mortgages require longer as noted above.
Depends on size of mortgage versus value of property and what mortgage lenders and types of mortgages you have access to in your state.
There is no simple answer to your question.
Need to know property appraised value.
State in which property is located.
Mortgage amount you are looking for.
Debt ratios
