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Refinancing again after just one year may not be beneficial unless you can secure a significantly lower interest rate or better loan terms. Consider factors such as closing costs, how long you plan to stay in the home, and potential savings before deciding to refinance again.

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5mo ago

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I refinanced 4 months ago to consolidate debt and was suppose to refinance again to get a lower rate. Bank now says can't refinance before 6 months of payments have been made. Is this true?

Untrue. I was promised an immediate refinance and it is 2 1/2 yrs. later and I have not been able to refinance. With Conventional loans there is no seasoning. FHA loans do require 6 months. As for the 2 1/2 years. There are obviously other issues which have nothing to do with the number of payments that have been made.


What are the steps to refinance a home?

The steps to refinance a home typically involve: 1. Researching and comparing lenders 2. Applying for a refinance loan 3. Providing necessary documentation 4. Having the home appraised 5. Closing on the new loan.


What is the rate for refinance mortgage?

There are many different refinancing opportunities for you at this time. A few of the available rates are a 30 year fixed rate from 4.250%, a 5/1 Arm rate from 2.5% and a 15 year fixed rate from 3.25%.


What are the steps to refinance a house?

The steps to refinance a house typically involve: 1. Checking your credit score and financial situation. 2. Researching and comparing lenders. 3. Applying for a refinance loan. 4. Providing necessary documentation. 5. Getting an appraisal of your home. 6. Closing on the new loan.


Are there mortgage lenders who will refinance after a chapter 13?

Yes. An FHA loan currently has a 1 year waiting period after the payout period. All trustee payments must have been on time, as well. Best of luck. FNMA conventional is a 2 year wait, and there may be some down payment criteria depending on the lender preferences.

Related Questions

I refinanced 4 months ago to consolidate debt and was suppose to refinance again to get a lower rate. Bank now says can't refinance before 6 months of payments have been made. Is this true?

Untrue. I was promised an immediate refinance and it is 2 1/2 yrs. later and I have not been able to refinance. With Conventional loans there is no seasoning. FHA loans do require 6 months. As for the 2 1/2 years. There are obviously other issues which have nothing to do with the number of payments that have been made.


Is it worth doing a mortgage refinance to save 1% per year on the interest?

It's not about percentage; it's about real dollars saved annually. In order to determine if a refinance is the best option, speak to your mortgage lender. You'll want to calculate what your new monthly payment would be and then determine if the refinance would be worthwhile, considering closing costs, etc. You can also use this calculator: http://www.mortgage101.com/refinance-calculator


If I am a captial one credit card holder client for 1 year can i be refinance though them and release my co-signer?

You need to call the customer service number to get an answer on your question.


How long will it take for the lunar eclipse come again?

1 year


When to start breeding your dog again after her litter?

Wait 1 year.


What are the steps to refinance a home?

The steps to refinance a home typically involve: 1. Researching and comparing lenders 2. Applying for a refinance loan 3. Providing necessary documentation 4. Having the home appraised 5. Closing on the new loan.


What do you do to a puppy when he has an upset stomach?

Give it some milk with dog food and it should help the dog heal in at least 20 minutes to keep it from getting sick again, do this for at least 1 month and the dog should not have any sickness for 1 year.


What is the rate for refinance mortgage?

There are many different refinancing opportunities for you at this time. A few of the available rates are a 30 year fixed rate from 4.250%, a 5/1 Arm rate from 2.5% and a 15 year fixed rate from 3.25%.


Will you be reach the age of 1 again?

No of course not, your only an age for one year.


Was Tina Turner voted the artist of the year in 1989?

all i know is she was the artist of the year in 1984 1 time then again artist of the year again in 1984 for soul and r&b. sorry i cant tell you for 1989...


Do you guys think WWE should resign undertaker to 1 year contracts every year so they can show him dead but once again returns?

Undertaker has not retired he is still under contract to WWE! He is taking time off for injuries


If 2 people are on a home loan can 1 person refinance that loan without the signature of the other?

No