Compare Mortgage Quotes

Refinance Rates for Today

Please enable JavaScript for the best experience.

In the mean time, check out our refinance rates!

Company Loan Type APR Est. Pmt.

Compare Refinance Mortgage Quotes

Is there an exception to the seasoning period in CT if the owner has received the property as a bequest. I just( less than 6 months) received real estate from my mother's estate and would like to [url=]refinance[/url] it- there is no mortgage currently on the property.

opondo_moses1's picture
opondo_moses1 | Joined: October 22, 2012 12:16 pm | Posts: 0 | Location: New Jersey | 00 Dollars($)

Banks have been stingy in recent years when it comes to approving mortgage refinancing, What are some of the steps one can take to increase their chances of getting a refinance? For instance If you have assets elsewhere, open an account at the institution where you'd like to refinance your mortgage. By depositing a large sum of money into their bank, it shows you trust them with your financial future.

Bank of America, J.P. Morgan, and even some community banks and credit unions have admitted they give preferential treatment to customers who have assets in their bank. After all, if they can clearly see your entire financial portfolio, they consider you less of a lending risk!
What other steps can one take?

Like | Dislike | Share | Posted: Fri, 01/18/2013 - 00:57 | Post subject:

jameshogg's picture
jameshogg | Joined: December 20, 2005 02:58 am | Posts: 0 | Location: New Jersey | 00 Dollars($)

Maintaining good credit and stable income can help you in getting qualified for a mortgage refinance. Apart from this, there should be ample equity in the property. If you don't have equity in the property, you can bring cash in at the closing table in order to close the deal.

Like | Dislike | Share | Posted: Sun, 01/20/2013 - 00:25 | Post subject:

savior70's picture
savior70 | Joined: March 25, 2009 05:14 am | Posts: 0 | Location: New Jersey | 00 Dollars($)


Most lenders would require a seasoning period of 1 year before they allow a new appraised value for the refinance. But some would also allow a seasoning period of 6 months. I'm not aware of any exception to this rule as such. But much depends on your lender. If you have a good credit and you satisfy other elligibility criteria, the lender can relax the seasoning requirements. You can discuss this with different lenders and check out if they can help you refinance in this situation.

Like | Dislike | Share | Posted: Tue, 06/02/2009 - 04:01 | Post subject:

gmakerley's picture
gmakerley | Joined: November 9, 2007 07:36 am | Posts: 0 | Location: New Jersey | 00 Dollars($)

libby, you ought to be able to obtain a refinance at this time. lately, we've been told that we have to season our purchase transactions for at least 4 months before we can allow a refinance, and you've already exceeded that timeframe. furthermore, it's not a situation in which you've received a mortgage that must be seasoned.

and even if 6 months is a hallmark, as savior noted, by the time you end up having a closing, you'll likely have reached that point.

go for it.

Like | Dislike | Share | Posted: Tue, 06/02/2009 - 08:42 | Post subject:

Page loaded in 0.101 seconds.