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Got a Home Loan in Virginia?
Get Low Refinance Rates From Just 2.12%.

How Soon Can You Refinance Your Mortgage

Many homeowners find that for one reason or another that they need mortgage refinancing again shortly after closing on a new home loan. How soon is too soon when it comes to refinancing your mortgage loan and when do prepayment penalties become a problem? Here’s an article on MortgageLoan.com with more on refinancing after closing on a new home loan:

How soon can you refinance your mortgage again if you’ve already done it recently? With interest rates in a free-fall and setting new records, it’s a highly relevant question. The answer is, there’s really no limit, at least under the law. The more relevant question is, how long *should* you wait before refinancing again? And how soon will your lender allow you to get out of your current mortgage?

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Fees will make or break your home loan. The more you pay taking out a new mortgage the longer it’s going to take to recoup your closing costs before benefiting from your new mortgage rate. You can break even recouping your out-of-pocket expenses much faster by avoiding lender junk fees. What fees are junk? Keep an eye out for anything resembling a rate lock fee, broker courier fee, application fee, or loan-processing fee.

You can learn more about getting today’s best refinance rates without paying unnecessary lender fees by checking out my free Underground Mortgage Videos.

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