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Some lenders require 1 day, some 6 months and some 1 year. Also read your note and make sure you do not have a prepayment penalty. Fanny Mae, Freddy Mac, FHA, VA have there own guidelines if you are going for that type of loan. Private mortgage banks and some banks like US Bank do what they want. They make up there own guidlines.

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16y ago

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What information is needed before one can refinance their home?

There is much information needed before one can refinance one's home. One needs to know who will handle the refinancing and what one will do with the additional savings.


Should I refinance again after 1 year?

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.


What does refinancing actually mean?

Refinancing your home loan is where you take out a new home loan to pay off your existing one. You can either refinance by taking out a loan with a new bank or you can refinance to a new loan from your existing lender.


What are home refinance options for one's mortgage?

There are many different home refinance options for one's mortgage. Some of the home refinance options for one's mortgage are: refinancing one's home through a bank, and doing the same online.


Where can one find information on home rate refinance?

For information on home rate refinance, one can visit the official websites of banks that offer home loan refinancing, or speak to their bank consultant.


Should I refinance my home if I plan to sell it in 2 years?

Refinancing your home before selling it in 2 years may not be financially beneficial, as the costs of refinancing may outweigh the potential savings. It's important to carefully consider the closing costs, interest rates, and how long it will take to break even on the refinancing before making a decision.


How hard is it to apply for refinancing in California?

Refinancing qualifications does not depend on the overall state in which you live, but your overall personal credit score. if you are looking to refinance your home you must obtain a credit score of atleast 700.


Can you refinance a home in a irrevocable trust?

http://en.allexperts.com/q/Real-Estate-Home-1842/Refinancing-Trust.htm


Where can I find a refinance calculator for my home?

You can find online refinancing calculators for free. You can go to www.calculators4mortgages.com/ for online refinancing calculators. You can also go to www.mortgagecalculator.org/.


Can you refinance your home loan online?

I have never done a refinance on my home. If I were to do so I would contact my finance company and see what their guidelines are for refinancing a loan. ING Direct allows you to complete forms for refinancing online so you could check with them to get answers to your question.


How many times can you refinance your home in Texas?

You can only refinance your home for as long as only if you are eligible for another home refinancing. If your past home refinancing was good, you might be able to get another one but if you had a bad score on your past house refinancing attempt, you might have a hard time getting another one. Some online real estate school teach their students as well the essence and only when to use home refinancing as it is not always the best option for every home owner.


can i refinance @ the amount my home was appraised before i began constrution. it is currently under construction and i have put 40 thousand into the home. does it need to be complete before i apply for refinancing?

Probably not, but possibly. Check with the lender that ordered the appraisal.