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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. May 2nd 2017 Reply


Paul Wakefield (paul@approveAmortgage.com)
#66 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

May 2nd 2017
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Larry Gray (lgray_312_247)
#565 ranked lender in California - 1,127 contributions

It is possible with 6 months seasoning on the deed.

May 2nd 2017
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William J Acres (William_Acres)
#1 ranked lender in Arizona - 7,874 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

May 3rd 2017
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Joe Metzler (JoeMetzler)
#1 ranked lender in Minnesota - 3,483 contributions

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

May 4th 2017
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