Posted on: 01st Apr, 2009 04:40 pm
according to guidelines.. i can not do a cash out refinance until 6 months after taking my property off the market for sale.
i wanted to rent out my condo and give the renter the right of first refusal to buy my condo. will this rent to buy contract negate my ability to do a cash out refi? since it really is not going on the market for sale per se.
thanks
i wanted to rent out my condo and give the renter the right of first refusal to buy my condo. will this rent to buy contract negate my ability to do a cash out refi? since it really is not going on the market for sale per se.
thanks
Hi sarareika,
I think it would be difficult for you to get a cash out loan on a rental property. However, I would suggest you to speak to some of the lenders and check out whether you can get cash out loan. You can even speak to the lenders of this community and seek a no obligation free mortgage consultation from them. This would let you know what type of rates and terms you may receive.
Thanks
I think it would be difficult for you to get a cash out loan on a rental property. However, I would suggest you to speak to some of the lenders and check out whether you can get cash out loan. You can even speak to the lenders of this community and seek a no obligation free mortgage consultation from them. This would let you know what type of rates and terms you may receive.
Thanks