Posted on: 10th Jul, 2009 12:50 pm
why is that if i refinaced my home and got money for upgrades to my home i cannot get another refina...we refinaced several years ago and my crdit was not real good, but since then i have gotten my credit straightened out and i can get much better rates but have been told since i refinaced and got money out of my equity that i cannot refinance again. i do not want money back just better interest.
who told you that? you certainly ought to be able to refinance again - the only restriction on getting cash out ought to be based on current value of the home.
aircarese
Welcoem to the forum
Looks like when you refinaced first tiem, you took all the equity out of your house.
Normally lenders want to see some equity in the house before they can gie you equity loan
Good luck and feel free to ask
Welcoem to the forum
Looks like when you refinaced first tiem, you took all the equity out of your house.
Normally lenders want to see some equity in the house before they can gie you equity loan
Good luck and feel free to ask
air, to George's point...you should be able to refinance again as long as you have enough equity to do it.
