How long after buying a house should one wait before refinancing?

Marin
I do not know, but i have the same question!!! thanks for asking!

Louis
about two years.

Belinda
If your credit wasn't good enough to get a 'good deal' when you just bought it, chances are your credit isn't going to be good enough for you to come out ahead on a refinance within the next three years.

Blossom
refinancing usually costs close to $3000.00 dollars. this is money that you have to pay, either out of pocket, or added on to your mortgage. unless rates are significantly lower, you should never refi. i would have to ask why you want to refi, rates have been pretty much the same for a number of years now. if you are trying to shorten the term of the mortgage, don't refi, just make extra payments. check with your bank on what they require to make extra payments, some banks need to be notified on each check. if your payments are more than you can afford and you want to lower your payment, refi would be your best bet, but as i said, it will cost a couple grand at least...

Alva
You should wait until it makes financial sense to do so. When you become a home owner your credit score does rise 5-8 months after you close so you might be able to get a better rate at that time. But, refinancing costs money to do and even if a slightly lower rate may be available to you it often doesn't make sense to refinance because you will spend $1200 in closing costs to save $8 a month in your mortgage payment. If you do decide to go forward, be sure to shop around for the best deal!

Carolin
for no cash out (rate/term) the next day after closing you can do it.for cash out...normally 6months