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Waiting period after buying

is there a waiting period after buying before I can refi? by purvis535 from Dover, Oklahoma. Aug 27th 2020 Reply

Dave Metsker (DaveMetsker)
#36 ranked lender in Oregon - 2,318 contributions

There is no legal minimum time to wait. It may be difficult to get a payoff demand on your existing loan for 30 to 60 days, since your loan documents will be in transit from the originating lender to the servicing company during that time. Warning: do not use the same lender as you used on the purchase, as they often suffer a penalty if the original loan is paid off within the first 6 months.

Aug 27th 2020
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