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Generally, yes, it is permissible to refinance your first home to get the cash to buy another. Finance companies are not as generous with the money as they were two years ago. And you must disclose your plans for the money during refinancing.

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Q: Can you refinance one home to buy another?
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Related questions

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.


What is the best way to refinance foreclosure?

This depends on your home loan status but it is often best to refinance as it requires minimum impact credit by replacing one loan with another. Another option is to short sell (selling your home at a loss).


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.


How can one refinance their home loan through a mortgage broker?

There are quite a number of various ways to refinance one's home. One of the best ways to do this would be to contact a mortgage broker and ask about this service. Another way to do so would be to go to LendingTree or QuickenLoans.


Why might one refinance a home loan or mortgage loan?

Someone might refinance a home or mortgage loan to take money off of the equity they have in the house in order to make improvements that will increase the value of the home. Another reason could be another investment that would make taking money out on the equity in the home worth it.


Can one refinance a home mortgage online?

You can refinance a Home Mortgage online. One popular website to refinance online is the Lending Tree website. Other options include the Chase website and the Discover website.


How can one refinance their home in the state of California?

One can refinance a home in the state of California by arranging a new loan with lenders. Lenders who can provide this service include "Keep Your Home California".


What information is needed before one can refinance their home?

There is much information needed before one can refinance one's home. One needs to know who will handle the refinancing and what one will do with the additional savings.


Where can one find information regarding Florida home loan refinance?

One can find information regarding Florida home loan refinance when one goes to the site of bankrate dot com. This site offers tips on how to refinance home loan even though one has bad credit.


How many times can you refinance your home in Texas?

You can only refinance your home for as long as only if you are eligible for another home refinancing. If your past home refinancing was good, you might be able to get another one but if you had a bad score on your past house refinancing attempt, you might have a hard time getting another one. Some online real estate school teach their students as well the essence and only when to use home refinancing as it is not always the best option for every home owner.


How can one refinance his mortgage?

A person who wants to refinance their home needs to find a mortgage company to do so. The person will need to discuss options of their home, credit and bank information pertaining to the refinance.


What exactly is it to refinance a home?

To refinance a home is to take out another mortgage to replace an existing one. A few reasons for doing this would be a lower interest rate, choosing a fixed-rate mortgage as opposed to a flexible rate or increasing the time you have to pay back your loan.