19 Jul Refinance cash-out after purchasing property with cash
Can anyone tell me how soon one could get a cash-out refinance on a new home that was purchased with all cash? We paid all cash for a property to get a lower price and to allow for a quick close (quick close was important to the seller), but the house needs some major renovations. We'll need to takeout a mortgage to do that. From a google search it looks like we should wait about two months so it's obvious that we didn't take out any credit related to the purchase of the home?