“Delayed Financing:” Buyers paying cash for properties can recoup that cash with a “cash out” refinancing immediately after they buy. The new loan will be limited to 75% loan-to-value and to the borrower’s actual cash investment (if the buyer uses “gift funds” to buy the house, “delayed financing” is not allowed for 6 months).
HOA Dues can significantly affect a borrower’s qualifying limits. A good rule of thumb in this rate environment is that every $100 in HOA dues shaves about $20,000 from a buyer’s maximum approval.
https://www.jvmlending.com/wp-content/uploads/JVMLending.firstname.lastname@example.org://www.jvmlending.com/wp-content/uploads/JVMLending.email@example.com 09:29:332019-03-05 01:15:56$100 of HOA Dues = $20,000 Smaller Loan; Delayed Financing