No Waiting for Cash Out Refinances

Buy a property for cash and get a discount, then put a new loan on the property without waiting for seasoning! Until now, it was necessary to wait a year (at least) to put a new loan on a property you just purchased and paid cash for or any other property that you own free and clear. I was just notified by my mortgage broker, Sean LaRue at Franklin Loan Center in Palm Desert, California that cash out refinance loans are now available with no waiting time. For those of us that purchase fixer properties for cash, renovate it and want to keep the property this news is HUGE!!! For the last three years we have had to wait at least a year or sell the property to get our cash out in order to move on to the next deal. Rates are great also...only 1/8% higher than a regular purchase money loan.

-- Jeannie

Michael Woodward

Michael is the founder and CEO of jumbleThink.  He is also the CEO of Woodward Design Group.  He and his team have built over 400 website for small businesses to large customer portals for Fortune  100 corporations.  He has also consulted with hundreds of businesses through the Small Business Development Council in Butte County,  Ca ( along with teaching courses on web design / development and marketing strategies.  His passion is to help individuals and businesses make their dreams attainable through creative thinking / idea formation and strategy.