Posted on: 15th Sep, 2010 06:27 pm
is it possible to refinance in such a short period of time? we paid 5.25% for 30 year fixed mortgage with bank of america, when i asked the question to bank of america they said it was not allowed for 6 months due to laws, can you explain this please?
which laws and where can i find this, we live in california and bought the property in chula vista, california
which laws and where can i find this, we live in california and bought the property in chula vista, california
Hi monique,
You cannot refinance your mortgage so soon after taking out a mortgage. Most lenders will want you to wait for at least 8-10 months before you can refinance your mortgage. You can contact an attorney and he will help you with the laws regarding refinance.
You cannot refinance your mortgage so soon after taking out a mortgage. Most lenders will want you to wait for at least 8-10 months before you can refinance your mortgage. You can contact an attorney and he will help you with the laws regarding refinance.