How long should a homeowner wait before refinancing?
Answer It’s not about how long to wait — it’s about when refinancing will save you money. In a fast changing, decreasing interest rate environment, someone might refinance every year or so. In our current market of flat to increasing interest rates, the goal for most homeowners should be to lock in a fixed rate and not refinance until they have a specific reason to do so.
Related Questions
- Do I have to undergo debt counseling to participate in either the loan modification or refinancing programs under the Homeowner Affordability and Stability Plan?
- Are all mortgage loans eligible for refinancing or loan modification under the Homeowner Affordability and Stability Plan?
- A homeowner is moving or refinancing and requires a "paid up assessments letter". What is the procedure?
