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Company Loan Type APR Est. Pmt.

refinance house thats for sale

Posted on: 13th May, 2011 02:54 pm
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
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
Posted on: 16th May, 2011 02:03 am
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