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Refinance a cash purchase

If we were to borrow money from family to pay for a home in cash, can we refinance it later to pay back family? How long do you have to wait? by llamada723 from Phoenix, Arizona. 24 days ago Reply


Paul Wakefield (paul@approveAmortgage.com)
#69 ranked lender in Arizona - 1 contribution

Need 6 months seasoning on the Deed. Could take cash out up to 80% of the value of the home.Paul Wakefield - VIP Mortgage Inc. - 602-697-7147

24 days ago
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Larry Gray (lgray_312_247)
#2 ranked lender in California - 1,087 contributions

It is possible with 6 months seasoning on the deed.

24 days ago
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William J Acres (William_Acres)
#1 ranked lender in Arizona - 7,641 contributions

More info needed, but based on the limited info you provided, you would need to wait 6 months before you can apply.. 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

23 days ago
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Joe Metzler (JoeMetzler)
#1 ranked lender in Minnesota - 3,342 contributions

Yes, you can do that, and amazingly... a surprising number of people actually do that. Generally, you'll need to wait 6 months

22 days ago
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