Re: refinancing

Re: refinancing

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Subject Author Date
refinancing _______ 07-21-2005

"_______" <xxvze3qtgix@verizon.net> wrote in message
news:k3UDe.21291$ij3.18463@trndny06...
> Hi
> I just brought a house in Long Island NY last Nov, so I have been in there
> less than 12 months. Can i refinance now or do I've to wait till I have
> been in there over a year?
>
> --
> remove xxx from email to reply

If the house was new construction you can probably refi now with a new
appraisal; if you bought a re-sale, most lenders will require you to use the
purchase price.

Consider an equity line if you're looking for cash.





other useful resources:
Government National Mortgage Association - Ginnie Mae
The National Home Equity Mortgage Association
Fannie Mae Mortgage
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