Hi,
If there's enough equity in the property, you may not have to wait to refinance. However, some lenders do have a seasoning requirement of 6-12 months. You'll have to stay in the property for that long in order to be able to refinance the property.
If there's enough equity in the property, you may not have to wait to refinance. However, some lenders do have a seasoning requirement of 6-12 months. You'll have to stay in the property for that long in order to be able to refinance the property.
This is a multi part question with a multi part answer. First do you need to refi? Are you looking to get cash out of the refinance? How long have you owned the home? Has something happened to give additional value to the property over and above the purchase price?
it depends on a what type of mortgage it is for, home or investment property, what strategy you use to refinance, is it for cash out or rate and term loan. It also depends on the lenders. Some lenders can do rate and term loan with no seasoning requirement, so has seasoning requirement. For the cash out refinance, it is now even more tight ,esp for investment properties. So you may give more info on your refinance. Hope this helps.
Six to twelve months depending upon the lender.
yes 6-12 months is what most lendors look for before allowing a refi.