Can i refinance my house again if i just did it all little over a year ago?

Lulu
i refinanced a little over a year ago and now have a 6% 30 yr fixed mortgage. with the falling rates now...should i try to refinance? can i even do that so soon or do i have to wait?

Collin
Just because there was rate cuts, doesn't necessarily mean it will affect you. If you are looking to refinance it won't help you to get a better rate. But if you were on an arm- adjustable rate mortgage and you rate is set to reset. Your rate wouldn't go as high as originally planned. Do you understand?

Caroline
You probably can, but you need to make sure you don't have an early payment penalty on the mortgage you currently have. Check and make sure you are getting a lower rate and that your closing costs won't be so much that it wouldn't save you anything.

Delfina
Yes you can, but more information would be needed to see if it is to your advantage right now. Why so soon. And what is the amount of your current mtg. send me a message if you would like more information. and let me know what rate you are looking to get if you do re-fi.