cash out: How Long After a Closing Before You Can Use the Appraised Value to Get Cash Out? - 01/28/09 08:46 AM
When someone buys a house at a discount off the appraised value, as many bank-owned or HUD homes are sold, the buyer needs to wait a minimum of 6 months before they will be able to refinance and get any equity out of the property.  More typically, the waiting period is 12 months.   
FHA refinances always have a waiting period of 12 months before any cash can be taken out.   
If a buyer wants to refinance to get a lower rate, then they will be able to refinance any time after the closing.  The only limitation is that for the … (3 comments)

 
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Chris Thomas

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