Compare Mortgage Quotes

Refinance Rates for Today

Please enable JavaScript for the best experience.

In the mean time, check out our refinance rates!

Company Loan Type APR Est. Pmt.
Mortgage Community Forums | Loan Talk for First Time Home Buyers | sell after refinance

sell after refinance

Posted on: 31st Aug, 2010 09:31 am
we are currently looking at refinancing so we will lower our payments so we do not have to sell our home. what if we have a buyer for our home in the next 6mths to 1 year.
can we sell or is there a time frame in which we have to stay in home after a refinance?
Hi Bratinokc,

There is no such time frame to stay in the property after you refinance it. However, if you do not stay in the property for around 6-8 years, you won't be able to offset the closing costs that you pay while you refinance the loan.

Thanks,

Jerry
jerry
Posted on: 01st Sep, 2010 02:54 am
Page loaded in 0.105 seconds.