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

Hi,

You can have a look at the answer to your question from this page:

http://www.mortgagefit.com/know-how/about4946.html

James

Hi Lioneleverett,

"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.

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.