2007-03-12 08:36:40 · 5 answers · asked by Anonymous in Business & Finance ➔ Renting & Real Estate
In theory you can refinance it the day after buy it. However, most lenders have a prepayment penalty. As long as you don't mind having that included in the cost of your refinance or paying it out of pocket then you are okay to refinance. If you are looking for some help with your refinance please contact me. I am a loan officer with a Mortgage company that will do a loan like this one. Send me an e-mail and I will send you all of my work contact information. I used to just give it out on the forum but people started to prank call the office phone number. If your serious about refinancing send me an e-mail.
2007-03-12 09:48:47 · answer #1 · answered by Amber J 2 · 0⤊ 0⤋
Theoretically, the day after you buy it. Whether you can use the full appraised value compared to the actual purchase price you paid depends on the lender and other factors.
What are you trying to accomplish? Lower rates? Get cash? A full refinance will cost thousands, so perhaps just getting a home equity loan would work, and would save you tons of closing costs?
2007-03-12 15:41:34 · answer #2 · answered by Yanswersmonitorsarenazis 5 · 0⤊ 0⤋
if you don't have a prepayment then you can do it whenever you want to. if you don' have a prepayment then you can do it the next day after you buy a house. if you are interested in refinance your house send me an email i'm a loan officer.
2007-03-12 16:00:54 · answer #3 · answered by cmruffin1 2 · 0⤊ 0⤋
Look at your loan's prepayment penalty. usually 1-3 years.
2007-03-12 15:41:54 · answer #4 · answered by Mark P. 5 · 0⤊ 0⤋
same day...really
2007-03-12 15:41:45 · answer #5 · answered by Anonymous · 0⤊ 0⤋