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refinancing limit

quick question, is there a limit on the amount of times you can refinance a property? I would just assume that one is the limit but I've never actually looked into it by DChapp_976_587 from Trussville, Alabama. Aug 14th 2012 Reply


William J Acres (William_Acres)
#74 ranked lender in Arizona - 8,728 contributions

There is no limit to how many times you can refinance.. However lenders will often times not allow you to refinance until you have made a minimum amount of payments (usually 6 payments).. And the costs associated with the loan must be paid back within so many months assuming it's a rate and term refinance.. as far as a cash out refinance.. You have to be within the Loan to Value limits set by the lender and you must have made a minimum amount of payments on the existing loan to qualify.. 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. 480-287-5714 WilliamAcres.com

Aug 14th 2012
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Bert Carpenter (BertCarpenter)
#37 ranked lender in Arizona - 2,431 contributions

As long as a refinance provides a tangible benefit, to the borrower, there is no limit. ~ Bert Carpenter, The LoansA2z team of NOVA Home Loans ~ NMLS 40586 ~ www.LoansA2z.com 888-889-9950

Aug 15th 2012
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Brian Allen (ballen)
#43 ranked lender in Maryland - 193 contributions

Just to follow William's comments correct there is no limit to refinancing as long as the property meets the LTV requirement for conventional loans FHA and VA have streamline options. We lend nationwide I can be reached at ballen@accessnational.com or 888-798-3832.

Aug 14th 2012
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Ralph Richard Guertin (ralph@absolutelowrates.com)
#58 ranked lender in Georgia - 807 contributions

if it passes the Net tangilble worksheet sniff test then you should be fine...meaning breaking even in 4 yrs or less...I would look to break even in less than 2 years unless you KNOW you are staying in the home for 5 yrs plus

Aug 15th 2012
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James Barath (JamesBarath)
#9 ranked lender in Indiana - 352 contributions

There is not a limit on the number of times you can refinance a home loan generally speaking. However, you may be limited based on the terms of your existing mortgage and satisfying any statutory net tangible benefits. If you are serious about wanting to refinance, take the next step and meet with a local mortgage professional who can provide you guidance and options.

Aug 15th 2012
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