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refinance house thats for sale

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Icon Mini Profile gbbaldwin1





Joined: 13 May 2011

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Post Posted: Fri May 13, 2011 2:54 pm    Post subject: refinance house thats for sale
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we put our house up for sale one month ago, but have decided to stay in it. in texas can you legally refinance your home while its up for sale. we had a mortgage set up and then the broker called back and said in texas it's the law you have to have your house off the market for at least 6 months to get a loan. is this a texas law or a mortgage company requirement. thank you
Icon Mini Profile sara
sara
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Joined: 05 Jul 2006

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Location: New Brunswick, New Jersey
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Post Posted: Mon May 16, 2011 2:03 am    Post subject:
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Hi gbbaldwin,

When a property is up for a sale, you won't be able to qualify for a refinance. However, it can be the requirement of the mortgage company that your house should be off the market for at least 6 months in order to qualify for a refinance.

Thanks
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