---

If you refi out of a foreclosure how long before u can refi?

Author	Message
	Add to del.icio.us Add to YahooMyWeb Add to Simpy Add to BlinkList
lioneleverett Joined: 14 Sep 2006 Posts: 3 2.07 Dollars($)	Posted: Mon Sep 18, 2006 6:13 am    Post subject: If you refi out of a foreclosure how long before u can refi? Like 0 Dislike 0 After refinancing out of foreclosure in June of this year. How long will I have to wait? Only have a short history will current mortgage Co. Jul-Sept. My interest rate is 11.75% with no prepayment penalty.
jameshogg Joined: 20 Dec 2005 Posts: 10164 Location: Nevada 944.24 Dollars($)	Posted: Mon Sep 18, 2006 2:52 pm    Post subject: Like 0 Dislike 0 Hi, You can have a look at the answer to your question from this page: http://www.mortgagefit.com/know-how/about4946.html James
sara Moderator Joined: 05 Jul 2006 Posts: 2645 Location: New Brunswick, New Jersey 488.43 Dollars($)	Posted: Mon Sep 18, 2006 9:22 pm    Post subject: RE: When can one refinance after foreclosure refinance Like 0 Dislike 0 Hi Lioneleverett, Quote: After refinancing out of foreclosure in June of this year. How long will I have to wait? There isn't any such rules regarding the time gap between two refinances. This will depend upon the lender as to whether he will approve you for a loan within a few months after you refinanced out of foreclosure. Moreover, your credit score will be affected by foreclosure, so you need to improve the score. This will help you to get a refinance loan at reasonable rate of interest. I shall suggest that you wait for some time till you get to build up a fair score (above 640) and then go for the refinance. Thanks, Sara.
helping_user Joined: 31 Mar 2006 Posts: 806 Location: Hawaii 158.49 Dollars($)	Posted: Mon Sep 18, 2006 9:44 pm    Post subject: RE: how long to wait after first refinance Like 0 Dislike 0 Hi Lioneleverett, As I have mentioned in my previous post that refinancing again will depend on your personal choice. As far as I know, there are no such rules. You can also refer to what Sara has said. I do agree with her. Thanks.

Quick Reply
Your Name
Subject
Image Verification	Enter the code above here : Can't read the image? click here to refresh
Message body

All times are GMT - 7 Hours

Page 1 of 1

---

We have chosen to apply the Creative Commons Attribution License to all works we publish. This work is licensed under cc by 2.0