Posted by Ed Garcia on March 27, 2001 at 13:07:13:
That depends on what you want to spend. There different lenders who have different underwriting criteria. The vast majority of your lenders will require 1 years worth of seasoning before they’ll acknowledge your new equity.
There are other lenders who will consider them on a case-by-case basis. It also depends on the borrower, LTV of the deal, location etc.
The more lenient a lender is on there underwriting criteria, the more it’s going to cost you. We call this risk/ reward.