how often can a person refianance their home?

Answer 1

You can do it as often and as many times as you want.

Answer 2

You can do it as much as you want however, evetually you are going to run out of equity for example, you have an 80k loan and refinance every year your loan is going to keep going up because you will only be paying about 4k a year to principal balance of your loan so next you do the loan it will end up being around an 85k loan amount because of closing cost.

I think my most important question to you would be why do you want to do this? What would be the point? It doesnt really make sense to do it alot. I would like to talk to you about this in more detail but need some info on your situation because you dont want to do something that isnt going to make sense for you to do.

Answer 3

There is no limit, however you should try to lock into a program that works well for you. if you find yourself in a bind and just need some extra cash, or to pay of a few bills, you may want to consider a home equity loan. if you need any assistance feel free to email me at [e-mail] good luck!

Answer 4

There is no limit. However, each time you refinance you incur closing costs which either take a bite out of your wallet or your equity depending on whether you pay them with your own cash or the proceeds of the new loan.

Answer 5

as often as you like as long as there is equity still in your home.if you do not know how much equity is left in your home,then have it appraised.if the value comes in higher then what you owe on your house, then you can refinance.

Answer 6

every time interest rates go down at leat one per cent only
re finance is not for getting out of debt by rolling it over and over again

Answer 7

call your mortgage company and ask them about refi options