Newsflash: refinance a new mortgage?

Hello, I recently (3 months ago) bought a new home from the builder. I went with the builder for my Mortgage.So the house purchase price is $355K and appraised for $415K I have put 20% downI am thinking if it is possible to refinance the loan for 80% of the value of the home (330K) and keep the 50K cash.Please let me know if this a bad idea or even if its possible.

Read more at https://www.reddit.com/r/RealEstate/comments/6nbgxe/refinance_a_new_mortgage/?utm_source=ifttt

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s