0
Some lenders do have programs that allow for a customer to perform a refinance if the house is on the market. You just need to call your local lender to see if they can help you. Another option, might be to work with your real estate agent to take the house off the market long enough to have an appraisal done on the residence SOS it gives it the appearance that the home is not on the market.
Wiki User
∙ 12y ago
Add your answer:
Earn +20 pts
Will a lender refinance a mortgage on a home that is listed for sale?
I do not know of a lender that will allow you to refinance a home that is actively listed for sale. There are several lenders that will allow a rate and term ( "No Cash Out" ) refinance the day after a home is removed from the MLS. There are a couple of lenders I work with that will allow a Cash-Out refinance the day after the home is removed from the MLS. Other important considerations that need addressed are * Is the home a primary residence / second home? * Is the property an investment property? * What is your intention for the property in the future? I frequently refinance homes that have just been taken off the active market. Please feel free to contact me if you have specific questions and I will be happy to assist you. Just Click on "TheMortgageExpert" link above. Jeff
Was a new law passed in Jan 2004 saying that you can not refinance your home if it was listed for sale within 6 months of the application?
I have been a mortgage originator for over 10 years and I am not aware that any such law exists. Different lenders have their own criteria but most would allow a refinance if the property has recently been listed for sale. They would merely require proof that it is no longer on the market and a letter explaining why it was listed for sale and why you took it off the market. I am being TOLD that we cannot refinance our home if it has recently been on the market. I was wondering what mortgage comapny that you work for so I might get refinanced?
Is it better to short sale a house or refinance to get credit in good standing?
It's better to refinance. A short sale will reflect negatively on your credit record.It's better to refinance. A short sale will reflect negatively on your credit record.It's better to refinance. A short sale will reflect negatively on your credit record.It's better to refinance. A short sale will reflect negatively on your credit record.
What is a short fall sale?
A "short sale" refers to a home that is being sold for less than the balance owed to the mortgage company. For example, a home is listed for 450,000, but the owner owes 600,000 on the home. This would be a short sale.
Can a house be refinanced by one of the owners to buy the other owner out while it is listed for sale?
Sure, as long as you can find a lender willing to refinance the property and the action does not violate any court order.
How can you refinance your home for a mortgage?
In order to refinance your home, you should look for a reputable mortgage broker. Work with the broker to find a good plan to refinance you home by looking at you current mortgage.
What steps do I need to take to refinance my home?
This is the website that I found most helpful when looking for information on What steps do I need to take to refinance my home here is the website www.bills.com/refinance-my-home/ - Cached
Does Royal Bank of Canada offer home refinance services?
If you are a Canadian resident, you may be wondering if the Royal Bank of Canada offers home refinance services. They are an excellent resource for home refinance services.
What are home refinance options for one's mortgage?
There are many different home refinance options for one's mortgage. Some of the home refinance options for one's mortgage are: refinancing one's home through a bank, and doing the same online.
Can you refinance a rental home?
Sure if you own the home.
How can you refinance your home mortgage?
To refinance your home mortgage, you can go to a bank or credit union with the proper paperwork from your original mortgage and ask for refinance. There's usually fees involved, but if you need to, you can.
Where can one find companies that will refinance a home mortgage?
One can find companies that will refinance a home mortgage online. One may also be able to find companies locally that would have the ability to refinance ones home.
