How long do you have to own your house before you refinance ?

Clarisa
we just bought a house the house and land costs 57, 500 but if we pay for 25 years it will cost us 180, 000 this is because the place where we got it is not suppose to own homes they just lend money. It was a foreclosure. Our interest rate is 12% right now. Also where is the best place to get homeowner and car ins. together.

Irwin
Where in the hell did you get a loan at 12% interest???? What you need to do is apply for an FHA loan and fast.Let me know if you need any help

Ezekiel
Geico is of course the very best when it comes to low rates. No one beats their car insurance rates, and my home insurance is next to nothing.Before you consider refinancing, which you can do every month if your heart desires, please call your current lender and ask them for a lower rate. Tell them you are shoppiong around for a better deal. 12% for a home loan is VERY high. I suspect you might have done an ARM - never, ever do an ARM again.You need to refinance. But this time ask for a 30 year fixed at 6% interest. Not 2 year fixed, not 5 year fixed, but 30 year fixed with no fancy financing. If they push products on you, its because they are making money. Do not trust lenders!!! Especially now, that they are hurting for money to feed their kids./

Cinda
12%! You must have bad credit.You can refinance after 1 day of ownership.Insurance, depends on your state. Start calling around for quotes.

Duane
a long long time