Yes, but you have to pass the "net tangible benefit" test.. in other words, you have to be saving enough to make it worth while.. Also, some lenders will use the lower valuation between the 3 month old appraised value and current value.. I'm not sure why you would want to refinance.. rates are not that different from 3 months ago, but to answer you question, you can refinance if you choose.. .. I'm a Broker here in Scottsdale AZ and I only lend in Arizona. If you or someone you know is looking for financing options, feel free to contact me or pass along my information. William J. Acres, Lender411's number ONE lender in Arizona. 480-287-5714 WilliamAcres.com
I would be happy to speak with you about your situation. As William indicated, you have to pass the Net Tangible Benefit test and he's right about determination of value. Licensed in VA & MD.... NMLS#259819 Lynn Bossi-Kinsel 804-677-8588
If you meet the qualifications described by William, yes you can.
I am in Virgina. If you need help you can email or call me. Drew Edwards757 653 4300dedwards@farmersbankvamortgage.comwww.virginiacarolinahomeloans.com
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