Hi cmurphy,
Welcome to the forum.
How long have you been bought the house? If you have taken the mortgage just within one year then you cannot refinance it now.
How much have you gain equity?
" how much will it have to appraise for?"
You can get loan for the 80 percent of the home value.
Best of luck,
Larry
Welcome to the forum.
How long have you been bought the house? If you have taken the mortgage just within one year then you cannot refinance it now.
How much have you gain equity?
" how much will it have to appraise for?"
You can get loan for the 80 percent of the home value.
Best of luck,
Larry
Hi cmurphy,
You can refinance your home into an FHA loan up to 97.75% or conventional up to 95% its all up to you and how you would prefer to structure the mortgage. You can refinance if it hasn't been one year since purchase as long as you are not taking any cash out of the property.
Brad
You can refinance your home into an FHA loan up to 97.75% or conventional up to 95% its all up to you and how you would prefer to structure the mortgage. You can refinance if it hasn't been one year since purchase as long as you are not taking any cash out of the property.
Brad
I agree with Brad. You can refinance at rate and term if you have the property 6 months or more if you do not want any cash out. If you have to get cash only, 2,000 or less.
Jean Smith
Loan Officer Representative
NCI Company
Cell: 757-338-1889
"www.ncimortgage.com"
[Link deactivated as per forum rules. Thanks.]
Jean Smith
Loan Officer Representative
NCI Company
Cell: 757-338-1889
"www.ncimortgage.com"
[Link deactivated as per forum rules. Thanks.]
