0
If the mortgage on your property is foreclosed the bank takes possession and you lose the property. You can't refinance. I have heard that to take on a new loan is possible in as little as two years.
However, if you own another property paid off or in good standing, the foreclosure could affect your ability to refinance that property. I've heard 3 years so 2 years is a plus!
What else can I help you with?
How long do I have to wait after closing on a home before I can refinance?
You typically need to wait at least six months after closing on a home before you can refinance.
How long do you have to wait after purchasing a home before you can refinance it?
You can typically refinance a home after owning it for at least six months, but some lenders may require you to wait longer.
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 purchasing a home can you refinance?
You can typically refinance your home after owning it for at least six months, but some lenders may require you to wait longer.
How long do I have to wait before I can refinance my home?
You can typically refinance your home after owning it for at least six months, but it's best to check with your lender for specific requirements.
Can you refinance after forecloser?
After a foreclosure you no longer own your property. You have nothing left to refinance.
How long do I have to wait after closing on a home before I can refinance?
You typically need to wait at least six months after closing on a home before you can refinance.
How long do you have to wait after purchasing a home before you can refinance it?
You can typically refinance a home after owning it for at least six months, but some lenders may require you to wait longer.
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 purchasing a home can you refinance?
You can typically refinance your home after owning it for at least six months, but some lenders may require you to wait longer.
How long do I have to wait before I can refinance my home?
You can typically refinance your home 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.
Should I refinance now or wait for a better time?
Deciding whether to refinance now or wait depends on current interest rates, your financial situation, and how long you plan to stay in your home. Consider consulting with a financial advisor to help you make an informed decision.
Which banks offer good foreclosure refinance services?
There are many different banks out there. The one with the best foreclosure refinance services is Bank of America. If you contact Bank of America and explain your situation, they will try and help you find an alternative. It depends on if you want to stay in your home, or if your willing to sell it.
How long after purchase can you refinance a property?
You can typically refinance a property immediately after purchase, but it's recommended to wait at least six months to a year to build up equity and establish a payment history.
Should I refinance now or wait?
Whether you should refinance now or wait depends on your current financial situation, interest rates, and how long you plan to stay in your home. It's a good idea to compare the potential savings from refinancing with the costs involved to make an informed decision.
