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.
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.
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.
You would have to 'buy' the house from your parents, but if you can qualify for a loan, there shouldn't be a problem.
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.
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.
twelve
yes you can
The typical waiting period to refinance a house after purchasing it is around 6 months to a year.
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.
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.
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.
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.