November 4th, 2010 3:15 PM by Eric Fang
Q: I did cash-out loan 4 months ago, Why my broker told me that I can not do a refi now and I have to wait for 6 months. My loan amount is 400k.
A: I know your lender. For one lender, you will not be allowedwithin 6 months if you just did a cash-out; for another lender,if you want to do a refi within 6 months, then you will haveto do another cash-out.
For your case, that lender will not allow you to refi within6 months.