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Mortgage Community Forums | Looking for Mortgage again | Is there any way to do a cash out refi without waiting the 12 month period?

Is there any way to do a cash out refi without waiting the 12 month period?

Posted on: 15th Oct, 2010 07:25 am
I recently tried to do a cash out refi of an existing mtg. I had done a cash out refi last April 2010. Everything was approved right up to the end when the underwriter came back and said I would have to wait 12 months before I could refi again! Texas law. I'm being penalized. I"s there anyway around the Texas law governing this?
your underwriter is absolutely correct. you'll have to wait for 1 year in order to refinance the property as you had refinanced the mortgage in april, 2010.
Niicss
Posted on: 18th Oct, 2010 01:52 am
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