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QUESTION: When does an ARM (adjustable rate mortgage) start adjusting?
February 15, 2019
QUESTION: I am an investor and want to buy more properties. How many property loans can I have. I am getting different answers from different people.
February 15, 2019

QUESTION: How long do I have to wait until I refinance my new mortgage?

Young couple

Answer:

There really is no limitation to when you can refinance, but the lender may be penalized if you pay off the loan in less than 6 months from when it is sold to their investor (this can vary). So, after 6 months is a good rule of thumb, but there is not a limitation unless your loan has a pre-payment penalty. If it does have a pre-payment penalty you would have to pay that if it is before the designated time when you can pay it off.

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