Posted by Sean Williams on March 07, 2002 at 20:03:38:
A few issue’s that may come up in a Convetional Loan Refi are Seasoning of the Note and Title and a reduced LTV if you do not intend to occupy the property.You may have a higher rate,which can be bought down.You may also be asked to show Reserves for the payment and taxes,insurance etc. via a VOD from your Bank.
You will not likely run into any problems with your Hard Money Lender. Most of those loans have no prepay and they are looking forward to getting the loan off their books.
Hope this helps.