Thursday, August 11, 2011

I bought a house cash. How long before I can refinance it. And criteria.?

Generally, you can refinance a property based on the equity you have on the house. You have 100% equity in the house since you paid cash. A bank will usually give you an equity loan based on a percentage of the bank appraised market price. The amount of the loan varies from bank to bank depending on the risk their willing to take. Good luck.

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