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Is there a limit on the amount of times someone can ......

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Icon Mini Profile torresfamily149



Joined: 30 Jul 2007

Posts: 1



1.45 Dollars($)

PostPosted: Mon Jul 30, 2007 1:13 pm    Post subject: Is there a limit on the amount of times someone can ......

can refinanace thier home, in Texas?
 
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Icon Mini Profile miller_st

miller_st

Joined: 17 Jan 2007

Posts: 917



168.82 Dollars($)

PostPosted: Mon Jul 30, 2007 1:53 pm    Post subject:

Which type of mortgage is it?

If it is a home equity loan then it cannot be refinanced more than once a year.
 
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Icon Mini Profile larry



Joined: 27 Jun 2007

Posts: 2598



349.39 Dollars($)

PostPosted: Tue Jul 31, 2007 3:42 am    Post subject:

Hi Torres,

Normally one can refinance within two years or less. Some homeowners may be able to refinance in less than a year if they are dedicated to pay off the loan amount. Generally it's not a good idea to refinance often.
 
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