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Sale after a Refinance

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Icon Mini Profile ndfelker





Joined: 11 Feb 2010

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Post Posted: Thu Feb 11, 2010 3:25 pm    Post subject: Sale after a Refinance
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If I refinance my house in TX, am I restricted as to when I can put my house on the market for sale?

Thank you,
Icon Mini Profile riseabove





Joined: 09 Nov 2009

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Post Posted: Thu Feb 11, 2010 8:34 pm    Post subject:
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You can sell it pretty much whenever you want as far as I know, but it may not make the best sense to sell it just after a refinance as you've probably just paid a fee to restructure the loan for a long term benefit.

selling to quickly could mean that you lose the benefits of your refinance, but it's up to you ultimately.

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Icon Mini Profile smithsussane
smith.sussane




Joined: 18 Sep 2008

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Location: Alaska
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Post Posted: Thu Feb 11, 2010 8:35 pm    Post subject:
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Hi ndfelker!

Welcome to forums!

As far as I know, there's no such restriction on selling off the property. However, once you sell off the property, you will have to clear off the mortgage dues.

Feel free to ask if you've further queries.

Sussane
Icon Mini Profile gmakerley
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Post Posted: Fri Feb 12, 2010 9:44 am    Post subject:
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you may absolutely sell your home shortly after having refinanced. it's your home, after all, and the mortgage lender simply has a lien on the property that secures its loan. when you sell, you pay it off and move forward from there.
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