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Yes, you can refi now. The trouble is that some lenders will want to use the
orignial sales price for value, and some lenders will allow you to use the
new value. The lenders will go for new value in the case of new
construction, and this could help you if you are the first owner.
You should find a mortgage broker that can help you arrange the loan because
a broker will be able to find the lenders that will let you use the new
value. If you want to do a rate and term, and take no cash, then your pool
of available lenders will increase.
"_______" <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
>
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Re: refinancing
