Shong, can u refi immediately after paying cash?

bugelrex: The rule we used to play by on cash-out refis was six months from transfer of title. I don't know whether it has changed recently. In the day, the reason for the rule wasn't that FNMA and FHLMC "only want to loan to people who really need loans", but rather that hasty cash-outs were a red flag for borrower fraud.

bugelrex, we can refinance you right after you closed all cash. The loan to value will be based on the lower of purchase price or appraised value. Even people that got mortgages a couple of months ago are doing this because they closed with conforming rates in the 6% range.