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Yes, you can refinance a house that is underwater, but it can be challenging. Traditional refinancing options typically require sufficient equity, which is not available if your mortgage balance exceeds the home's value. However, programs like the Home Affordable Refinance Program (HARP) previously allowed some homeowners to refinance despite being underwater. Currently, options may vary based on lender policies and government programs, so it's essential to explore specific alternatives available in your situation.
What else can I help you with?
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.
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 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.
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.
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 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.
Can a Power of Attorney refinance a house?
Yes, you can assign someone else to do the refinance for you as a POA form allows you to have someone act in your place for all financial acts legal under law, you can assign a durable, general, or limited power of attorney form.
When can I refinance my house after purchase?
You can typically refinance your house after purchase once you have owned it for at least six months. However, it's important to consider factors like your credit score, equity in the home, and current interest rates before deciding to refinance.
How quickly can you refinance a house after purchasing it?
You can typically refinance a house after purchasing it within 30 to 60 days, but the exact timeline can vary depending on the lender and the specific circumstances of the transaction.
How soon after buying a house can you refinance?
You can typically refinance your house as soon as you have completed the purchase and the title has been transferred to your name. However, it's important to consider factors like closing costs, interest rates, and your financial situation before deciding to refinance.
How soon after buying a house can I refinance?
You can typically refinance your house as soon as you have completed the purchase and the title has been transferred to your name. However, it's important to consider factors like closing costs, interest rates, and how long you plan to stay in the home before deciding to refinance.
