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MisterVA
8615 Posts |
 Posted - 08/07/2008 : 3:16:47 PM
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| We have a policy that dictates no pulling a property off market to refi. 12 months needs to lapse. Any lenders that will do this as a cash out refi. The guy has not had any nibble on his house so he wants cash out to do some work. Property is in NH. Thanks. |
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GBoneske
149 Posts |
Posted - 08/07/2008 : 3:29:20 PM
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| Didn't US Bank used to do these with a HUGE hit to the rate? ( I am not positive on this) |
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jillstatz
671 Posts |
Posted - 08/07/2008 : 3:30:51 PM
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| check with M&I Wholesale...they used to do this also and I haven't seen anything saying that it has changed. |
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ownerop
418 Posts |
Posted - 08/07/2008 : 3:55:27 PM
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quote:
Originally posted by MisterVA
We have a policy that dictates no pulling a property off market to refi. 12 months needs to lapse. Any lenders that will do this as a cash out refi. The guy has not had any nibble on his house so he wants cash out to do some work. Property is in NH. Thanks.
Is this a VA loan? HSBC will do it on any of their products, but they don't do VA and you have to do it a par pricing.
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Ruby2sdae2
511 Posts |
Posted - 08/07/2008 : 4:54:23 PM
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| Suntrust allows no seasoning off the MLS. |
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MisterVA
8615 Posts |
Posted - 08/07/2008 : 6:10:03 PM
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| Yes it is a VA loan. I will have my LO check out Suntrust. Thanks. |
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downtime
241 Posts |
Posted - 08/07/2008 : 6:42:06 PM
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| ABN AMRO never had any mls or title seasoning requirements . |
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Ruby2sdae2
511 Posts |
Posted - 08/07/2008 : 6:42:33 PM
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| Wells Fargo also allows it I forgot to mention. Good luck! |
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MisterVA
8615 Posts |
Posted - 08/07/2008 : 6:48:30 PM
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| Is ABN Amro still in the biz? |
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ownerop
418 Posts |
Posted - 08/07/2008 : 8:12:21 PM
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quote:
Originally posted by Ruby2sdae2
Wells Fargo also allows it I forgot to mention. Good luck!
Which branch? I have done business will Wells for years and they do not allow a recently listed property to be refinanced, in fact i just had a scenario like that and asked them and they said it had to be off the market for 90 days. |
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mortgagewithme
262 Posts |
Posted - 08/07/2008 : 9:57:34 PM
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quote:
Originally posted by MisterVA
Is ABN Amro still in the biz?
Nope, they were purchased by Citi |
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MisterVA
8615 Posts |
Posted - 08/08/2008 : 06:37:46 AM
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quote:
Originally posted by mortgagewithme
quote:
Originally posted by MisterVA
Is ABN Amro still in the biz?
Nope, they were purchased by Citi
Is downtime really Schne ll? |
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