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I am assuming you are looking for a first time home buyer credit. No this is a refinance not purchase. Closing Costs could possibly still be deducted on taxes but check with your tax advisor on that.

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16y ago

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Related Questions

If you bought a house and had it financed with a cosigner are they on the deed and if you are able to refinance yourself can you do it without them?

Since you are both on the loan you are both on the title. You can refinance without them on the loan but would need them to sign the title over or transfer at close.


What do you have to do to refinance your mortgage?

You have to go to the bank that has the loan on your house. They will have you fill out a bunch of paperwork. After that they will refinance your house.


If your parents bought a house in their names because your credit could not secure a loan can your wife and you later refinance in your names only?

You would have to 'buy' the house from your parents, but if you can qualify for a loan, there shouldn't be a problem.


Can I refinance my mortgage if I have low equity in my house?

Yes it is possible to refinance your house if you have low equity. But you must have at least 20 percent equity before your refinance will be apporoved.


How much money will I save if I refinance?

You may not save anything. It depends on what you're refinancing from and to, whether the value of your house has fallen since you bought it, and your current credit situation.


How old you were when you bought your first house?

twelve


Can you buy a house and then foreclose on the first house and will it affect the recently bought house?

yes you can


How long do you have to wait after purchasing a house before you can refinance it?

The typical waiting period to refinance a house after purchasing it is around 6 months to a year.


How long after buying a house can you refinance?

You can typically refinance your house after owning it for at least six months, but it's best to check with your lender for specific requirements.


How long do I have to wait before I can refinance my house?

You can typically refinance your house after owning it for at least six months, but it's best to check with your lender for specific requirements.


How long do I have to wait after buying a house before I can refinance it?

You can typically refinance your house after owning it for at least six months, but it's best to check with your lender for specific requirements.


Why do people Refinance a house?

People refinance a house because they need money quickly. They might need money for a sudden illness, unexpected home repair or job loss. They also might refinance if the interest rates are low enough.