Can I sell after refinancing or how long do i have to wait?

Asked by Bea, Pendleton, SC Sat Feb 12, 2011

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3
Rhonda Holt, Agent, New York, NY
Sat Feb 12, 2011
Hello, you can definitely sell after you refinance but check with your lender just in case there's any policy on time. When you refinance your mortgage the amount you owe will increase so you need to make sure that amount doesn't seriously exceed how much you can sell your home for in this type of market.

As long as you can pay back your lender and pay your other expenses at closes then you have the green light to sell.

I hope this answer helped you.
Web Reference:  http://www.RhondaHolt.com
1 vote
Pacita Dimac…, Agent, Oakland, CA
Sat Feb 12, 2011
Review your loan details for any qualifiers or requirements that may pose restrictions on your ability to sell after refinancing.

What are the terms of the refinancing?
And how are you selling --- as a regular sale or short sale? Are you using a realtor or do-it-yourself?
Many factors to consider. The primary question revolves around your overall COST TO SELL, especially if there is a pre-payment penalty, or if it means hurting your credit rating (as in the case of short sale), or how long it will take you to recoup the costs of refinancing AND selling.

Good luck!
0 votes
Bill Barrows, Agent, Newburyport, MA
Sat Feb 12, 2011
should not have to wait unless you have a prepayment penelty.
0 votes
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