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Right away as long as the lender will ok it. Some want a year some want 6 months some do not care. Read your note to make sure you do not have a prepayment penalty. It can be high. 6 months interest on the full amount of your present loan.
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How soon can you refinance a home loan?
If you have equity in your home you can refinance at anytime.... Make sure your current home loan does not have a prepayment penalty. Next you would need to consult a mortgage lender: http://www.fixed-mortgagerate.com/mortgage_loan
How soon can you refinance an adjustable mortgage?
Generally mortgage can be refinanced but only if you are looking to reduce mortgage payments, as it can be done at lower interest rate. Actually if you want to make a multiple refinance then it will definitely reduce your overall financial profit. Penalty checking is the major factor in mortgage refinancing.
What mortgage refinance rates are available in the state of California?
Mortgage refinance rates have dropped to an all-time low in California, with one being able to get a fixed loan for 2.63%, which is 2.96% APR. Most loan officers predict rates will soon start to rise.
How soon can you refinance after bankruptcy?
I can finance you one day out of bankruptcy....of course you will pay a much higher rate than those with good credit. After two years you can begin to get more favorable rates (through a knowledgeable mortgage broker, not a mortgage company). Contact me at gkinney@sedonafunding.com Depending on the type of Bankruptcy, you may be able to refinance as soon as it is discharged. If you filed a Chapter 13 bankruptcy, you have a better chance at getting financing than if you filed Chapter 7. Of course, with over 700 lenders at our disposal, we can probably get you financing either way. Call Allied Home Mortgage Capital...281-684-8580 and let's see what we can do for you.
How long do you have to own a home before you can sale it?
3-4 yearsAnother AnswerAs soon as you have clear title to the house, even with a mortgage -- as soon as the purchase is closed -- you can sell the home.
How soon can you refinance a home loan?
If you have equity in your home you can refinance at anytime.... Make sure your current home loan does not have a prepayment penalty. Next you would need to consult a mortgage lender: http://www.fixed-mortgagerate.com/mortgage_loan
How does a mortgage refinance calculator work?
A mortgage refinance calculator takes a collection of user-inputted data such as mortgage value, yearly dues, interest rate, and more. From this, the calculator determines how soon the mortgage will be paid off.
How soon can you refinance an adjustable mortgage?
Generally mortgage can be refinanced but only if you are looking to reduce mortgage payments, as it can be done at lower interest rate. Actually if you want to make a multiple refinance then it will definitely reduce your overall financial profit. Penalty checking is the major factor in mortgage refinancing.
What mortgage refinance rates are available in the state of California?
Mortgage refinance rates have dropped to an all-time low in California, with one being able to get a fixed loan for 2.63%, which is 2.96% APR. Most loan officers predict rates will soon start to rise.
How soon can you refinance after bankruptcy?
I can finance you one day out of bankruptcy....of course you will pay a much higher rate than those with good credit. After two years you can begin to get more favorable rates (through a knowledgeable mortgage broker, not a mortgage company). Contact me at gkinney@sedonafunding.com Depending on the type of Bankruptcy, you may be able to refinance as soon as it is discharged. If you filed a Chapter 13 bankruptcy, you have a better chance at getting financing than if you filed Chapter 7. Of course, with over 700 lenders at our disposal, we can probably get you financing either way. Call Allied Home Mortgage Capital...281-684-8580 and let's see what we can do for you.
How soon before your prepayment penalty expires should you start the refinance process?
You can start the refinance process before the pre-payment period is up as long as you do not close on the new mortgage until the pre-payment period has expired. I would start the process about 30 days before the prepay is due. Make sure that your mortgage person knows not to close early.
How soon could you refinance after you purchase a car?
As long as your current loan shows on your credit and can be accessed by the refinance company, you can refinance anytime. There is no set time to refinance.
How soon can one refinance a mortgage after it has been taken off the market?
depends on the lender. There are some that will let you refi 1 day off market, but usually about 6 months off market.
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How long do you have to own a home before you can sale it?
3-4 yearsAnother AnswerAs soon as you have clear title to the house, even with a mortgage -- as soon as the purchase is closed -- you can sell the home.
What if you can't afford the balloon payment?
Lenders do not want you to default on your mortgage. As with any other mortgage, in the case of the balloon payment, your lender will try to work with you to refinance your mortgage into payments you can handle. If you can't refinance, you may be forced to sell the property (unless the bank does it for you) to cover the balloon payment. Most people will be able to refinance, the question is just how high their rate will be. You do not have to use the same lender that your first ballon mortgage was with. Many lenders have programs for people with less than perfect credit. The only problem is your rate will be high, so you want to refinance as soon as you have a decent credit score to get a lower rate. If your balloon payment is coming due and you can not qualify for a loan because you owe more than the home is worth then talk to your lender about a shortsale or deed-in-lieu. If neither of these are available and a workout just isn't possible, it may make more financial sense for you to just walk away from the property.
Can a husband refinance a house in California without his wife being involved in the payment of the loan but still stay on the title?
She will have to "quit-claim", come off the title of the home. An attorney will do this for you. But as soon as you refinance, she can be placed back on the title.
