How hard is it to qualify for refinancing?
Qualifying to refinance your home loan is not that different than qualifying to purchase your home to begin with. It does tend to be a little easier, as you have had the opportunity to show you can make your payments (affordability) in a timely fashion. Your credit will still be a factor, as will you income and debt ratios. Provided nothing has changed from when you originally took out your loan, refinancing shouldn’t be that difficult.
