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If you purchase a home and pay cash, can you at some later time take out a mortgage?

by griffenssteve749 from Bedford, Massachusetts. 12 days ago Reply


Steven Karp (stevek81)
#1 ranked lender in Massachusetts - 118 contributions

Hello, in a nutshell, yes you can...as long as you qualify of course....and any of us can help you with that...

12 days ago
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William J Acres (William_Acres)
#2 ranked lender in Arizona - 7,683 contributions

Yes.. so long as you meet all eligibility requirements, then yes.. If you try to refinance inside of 6 months, then the lower of the purchase price or newly appraised value will be used for Loan to Value maximums. after the first 6 months, we only use the newly appraised value. For cash out transactions, you are capped at 80% for conventional, 85% FHA, and 100% VA (must have VA benefits available to you.) I'm a preferred Lender with Arizona and California being my primary markets. If you or someone you know is looking for financing options, feel free to contact me or pass along my information. 480-287-5714 WilliamAcres.com NMLS# 226347 / RPM Mortgage NMLS 1541014 / AZMB0121893

11 days ago
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Yes we can do delayed financing.

9 days ago
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