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Yes, it is possible to refinance a mortgage within 6 months of purchasing a home, but it may be challenging to find a lender willing to do so due to the short timeframe.

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AnswerBot

5mo ago

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Related Questions

How soon can you refinance after purchasing a home?

You can typically refinance your home after purchasing it once you have made a few mortgage payments, usually around six months to a year.


How soon can you refinance a house after purchasing it?

You can typically refinance a house after purchasing it once you have made at least six mortgage payments and have built up some equity in the property. This is usually around six months to a year after the initial purchase.


How soon after closing on a mortgage can you refinance?

You can typically refinance a mortgage after waiting for at least six months to a year after closing on the original mortgage.


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 soon can you refinance a mortgage after closing?

You can typically refinance a mortgage after closing within 6 months to a year, but it's important to check with your lender for specific guidelines and requirements.


I am told by my bank that in Texas you can't refinance a loan until you have lived in your house for 12 months. I have a conventional loan. Is this true?

If this is your first mortgage or you just refinanced, the mortgage note can have a statement within that states you cannot refinance in the first 12 months of when you got the loan.


How soon after purchasing a house can you refinance?

You can typically refinance a house soon after purchasing it, but it's recommended to wait at least six months to a year to build up some equity and establish a payment history.


How long after purchasing a home can I refinance it?

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 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.


Is it possible to refinance after 6 months of obtaining a loan?

Yes, it is possible to refinance a loan after 6 months of obtaining it, but it will depend on various factors such as your credit score, financial situation, and the terms of the original loan.


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 does a 30-day late payment on a mortgage affect your credit?

If you are trying to refinance your mortgage... it will affect the interest rate. (it will be higher) It will haunt you for at least 12 - 24 months.