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refinancing

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rjflohr.

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Post Posted: Mon Mar 16, 2009 5:49 pm    Post subject: refinancing
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If I purchase a forclosure for cash, how long do I have to wait before refinancing in Glendale, Az.
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Post Posted: Mon Mar 16, 2009 7:42 pm    Post subject:
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Each lender is different. You may have to wait as long as 6 months
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Post Posted: Mon Mar 16, 2009 7:51 pm    Post subject:
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Hi rjflohr!

Welcome to forums!

If you have taken a mortgage in order to buy the property at the foreclosure, then you'll have to wait for about 8-10 months in order to get a refinancing. Moreover, before refinancing the property, the lender would check out if there's equity in the property.

Sussane
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