Can you refinance while home is on the market??? - Posted by Barney (GA)

Real Estate Investing
1

Posted by Ben Carmona on May 05, 2007 at 24:53:18:

Barney,

The wholesale conforming lenders that we use as mortgage brokers require that the property at least be off the MLS. None will do it with a current listing. Several will do just 1 day off the market, a couple require 3 months, some 6 months, and the majority 12 months.

Type of refinance, cash out or rate/term will play a big factor on which lenders can get this done.

I’d recommend speaking to a nationwide mortgage planning consultant who handles loan scenarios just like these.

Ben Carmona

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Can you refinance while home is on the market??? - Posted by Barney (GA)

Posted by Barney (GA) on May 04, 2007 at 20:37:31:

I have been getting conflicting information about this matter. I have talked to a few investors and they have told me that yes it is possible, but after talking to a mortgage broker he told me otherwise. So My question is this…is is possible to refinance a home while it is on the market(MLS) and if now, if you take is off the market, how long do you have to wait to refi???