How long do I have to have a mortgage before refinancing?
Answers | 2
In may depend on the loan program, or if you're trying it take cash out based on a new appraised value. The "stock" answer is usually 6 months, but it might be more or less (12 months is another common break point) based on what you're trying to accomplish.
It will depend on what type of financing you have and whether you are looking to take cash out. If you have a standard Conventional loan and you want to take cash out, the waiting period is six months. If you want to just do a dollar for dollar refinance, there are no seasoning requirements. If you have an FHA loan and want to refinancing into another FHA loan and take cash out, you have to wait 12 months.