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Technical Refinance
This is a cash-out refinance option for cash buyers.
Paying cash for a house has definite perks. It could help you win a bidding war when buying a new home. Maybe even negotiate a lower price on the house because you’re paying all cash.
Technical refinancing allows clients who recently bought a house with cash to take money out against the home without having to wait the required minimum of 6 months for title seasoning (a waiting period that usually prevents you from immediately refinancing a home you’ve purchased) to be eligible for a cash-out refinance.”
This type of mortgage allows you to get the perks of paying in all cash while still freeing up your money shortly after buying your home to make other investments or financial plans without having to wait for title seasoning.
Contact me to discuss your options.
Paying cash for a house has definite perks. It could help you win a bidding war when buying a new home. Maybe even negotiate a lower price on the house because you’re paying all cash.
Technical refinancing allows clients who recently bought a house with cash to take money out against the home without having to wait the required minimum of 6 months for title seasoning (a waiting period that usually prevents you from immediately refinancing a home you’ve purchased) to be eligible for a cash-out refinance.”
This type of mortgage allows you to get the perks of paying in all cash while still freeing up your money shortly after buying your home to make other investments or financial plans without having to wait for title seasoning.
Contact me to discuss your options.