seasoning of a mortgage: Seasoning Requirements for Cash Out Refiances for Investors
- 07/29/08 02:27 AM
For those of you puzzled by seasoning requirements for conventional owner occupied and non owner occupied purchases, coupled with wanting to "cash out" refinance to leverage future purchases, here are a few items of clarification based on multiple questions concerning cash-out refinances (title seasoning & valuation) so bear with me: I put this in a FAQ format. What is an acceptable time-frame from title transfer to complete a cash-out refinance? Six months for most lenders. 90 days on FHA transactions for private sellers. What if the transfer was via a quit-claim deed? The critical transaction date is when the … (0 comments)
For those of you puzzled by seasoning requirements for conventional owner occupied and non owner occupied purchases, coupled with wanting to "cash out" refinance to leverage future purchases, here are a few items of clarification based on multiple questions concerning cash-out refinances (title seasoning & valuation) so bear with me: I put this in a FAQ format. ;)
;)
