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It depends on the product that you selected in your prior refinance. If you selected an ARM, usually the fixed period matches the prepayment penalty period. If you are in this situation I would recommend that you wait until that period has expired, due to the fact that you will be faced with hefty prepayment penalty fees. If you chose a fixed product and have sufficent equity in your property you can refincance at any time, but usually one year is recommended. If any of this seems fuzzy to you contact me I can try to explain better or attempt to evaluate your situation. eloy@platinumfinancialonline.com
I deal with many investors that will do a refinance literally a day after you had already refinanced. Some states have no pre-payment penalties like new york.
For others who may be reading this you should also know that in refinances even after closing you have a 3 days of recission. You can actually pull out of your refinance up to 3 business days after closing if you were a victim of a bait and switch (where you were promised a low rate and then were hit with a higher rate at the closing table) or if you just didn't feel comfortable and were pressured into closing simply because you were at the closing table.
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How many points does your credit score increase after a mortgage refinance?
If the mortgage refinace was used to pay off other debt, it my increase your score. Not sure by how much.
When your house goes into foreclosures how soon do you have to move out?
You must have your possessions removed prior to the foreclosure sale. Once the property is sold you have no right to be there.
How many times can a person refinance their mortgage?
There is no limits in the general rules as to how many times it is possible to refinace a mortgage. There are some guidelines on qualifications that everybody should check out before making that investment.
Should non-purchasing spouse name go on title of home with fha refinace?
In Community property states, it is required. Otherwise, it's up to you. Community property states include: Arizona, California, Idaho, Louisiana, Nevada, New Mexico, Texas, Washington and Wisconsin.
What is prior month?
The prior month means the previous month, or often said, "the month before".
Does reaffirming on my mortgage constitute a new contract?
since I reaffirmed my hse under chapter 7 whats the chance the bank would refinace?
How long does it take to get a house refinace?
it is normal for a refinace to take anywhere from 3-4 weeks. sometimes they can get done sooner than that, if it takes any longer then there is something wrong with your loan and the agent is not telling you everthing. always be in contact with your loan officer and don't be afraid to ask questions. if i can be of any assistance you can email me at sean@moneyorchardinc.com Hope this helps.
How soon before your birthday can you renew your driver's license?
In Ohio it's 30 days prior.
How many points does your credit score increase after a mortgage refinance?
If the mortgage refinace was used to pay off other debt, it my increase your score. Not sure by how much.
Can you refinance your car without a cosigner if your current loan has a cosigner?
if you take it to your personal bank and ask them how much you need to have paid already they can indeed refinace you and remove the cosigner
What is the latest you can wait to fix a cat?
A cat can get pregnant as soon as five months, so she should be fixed prior to that.
Your guppy is due to have her fry soon Is it normal for her swim up to the top then sink down to the bottom?
That is perfectly normal behaviour for a female livebearer just prior to parturition. She will drop her young soon.
Why are platypuses soon to be endangered?
Platypuses are not soon to be endangered. Currently, they do not qualify as threatened, nor Near Threatened, nor prior to 2001 as Conservation Dependent. The Australian Government lists the platypus as "common but vulnerable".
When your house goes into foreclosures how soon do you have to move out?
You must have your possessions removed prior to the foreclosure sale. Once the property is sold you have no right to be there.
How many times can a person refinance their mortgage?
There is no limits in the general rules as to how many times it is possible to refinace a mortgage. There are some guidelines on qualifications that everybody should check out before making that investment.
Time frame prior to bankruptcy to acquire large sum of money?
Always file for bankruptcy as soon after getting a large sum of money as you can.
What was the first country formed?
The first country formed was the U.S.A. . Europe soon followed, but the US was about 5,000 years prior to Europe's formation
