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If I were to purchase a home using cash, can I take out a mortgage later?

by fgriffin947 from Orlando, Florida. Jan 25th 2017 Reply


Yes. You can do delayed financing and take out a mortgage. 80% LTV based on purchase price. We have to be able to source the funds you used to purchase the home.

Jan 25th 2017
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Delayed financing will work. You will have to pay the rate as if it is a cash out refinance. Text me if I can help. 9543949005Ryan

Jan 25th 2017
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Delayed financing will permit you to do this as a no cash out refinance, with a paper trail of the money used for the purchase. 5613920040

Jan 25th 2017
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Give me a call tomorrow. There are several other factors to consider. 3057477562 or text me 8189159956

Jan 25th 2017
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Mark Hemingway (SFSLend)
#1 ranked lender in Colorado - 584 contributions

If you are doing a conventional loan then your best option is the delayed financing refinance. Not considered cash out and is ideal for those that need to purchase the property quickly in order to win the bid process when trying to get a home under contract.

Jan 26th 2017
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