Quote:
Originally Posted by RalliartRsX
From what I understand, aren't there certain stipulations as to how soon one can refinance after purchasing a home??
I wonder if gbaby falls into that window (if there is a window that is)??
I know when we bought, once we sold our initial home, we could refinance immediately as
1) The new house would be our primary residence
2) The proceeds from the initial house would be used for refinancing closing costs (which I think is BS as you have to pay closing costs twice...but that's an entirely separate discussion......)
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Nope, no requirements whatsoever. Brokers will tell you that because if the loan pays off under a certain time frame, they have to pay money back to the lender they sold the loan to. But you can refinance the day after you get the loan so long as their is a benefit to doing so.