No, and if it is listed for sale you can not refinance.
No, you should not refinance if your rate.
Are you keeping the property or selling it? Most lenders have a period of time a home can not be on the market.
If it is on the market most lenders will not do a refinance for you. If you disclose your plans most LO's will advise you to not do the refinance as their Commission will be recouped if you do not make 6 payments to the lender.
No, you shouldn't refinance, unless you have an exceptionally high rate and you can recoup your closing cost without increasing your loan balance in the first month and my guess is you want be able to. If you have any questions i can be reached at 317-225-7868. Elden LewisGuaranteed Ratehttp://www.indianapolismortgageguy.com/
Yes, it does kind of suck. So, its best to cut your losses and walk away. The silver lining is you will have an appraisal to prove the value of your house when you sell it. If you have any questions i can be reached at 317-225-7868. Elden Lewis, Guaranteed Rate, http://www.indianapolismortgageguy.com/
More info would be needed, but in general, if you're in the process of refinancing and you are now going to be moving, it's probably best to cancel the deal.. If however, the average days on market in your area is 6 months, then there still might be a benefit.. but your refinance would need to be a pure no cost refi.. meaning your loan balance is not going up and your not bringing cash to the table.. and with all that, there's still a savings achievable.. then it might be worth refinancing, but my guess is that in most cases, it's best to just cancel the deal.. 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
yes - cancel process if 1) you are moving and selling within 3 months and 2) if the refinance has costs associated with it ( which I am assuming it does ) ......if there is a chance that you are going to keep the property - then it might be worth completing ..thanks and all the best ...Dave Skow ...Eagle Home Mortgage 206 714 9745 daveskow@eaglehm.com
Yes, if you are selling let the lender know and stop or at least pause the process while you make sure the sale goes through. It's likely they'll find out before you close anyway if the house is listed for sale with a Realtor. Also, you don't want to increase what you owe on the house to access some of the money in it before closing.
Ask our community a question.