How long do you have to pay on your house before you can refinance?

Valarie
Depends if you have a prepayment penalty, which is less common today. Check the fine print of your loan docs with your lender, but most of the time, there is no minimum time before you can refinance.

August
When the value of your home surpasses what you owe. However if you have other assets you can still refinance anytime with your new asset.

Gaynelle
There is no time limit, but you want to make sure you'll enjoy the new, lower interest rate long enough to cover the closing costs of refinancing.

Samella
There are companies out there who would be more than happy to refinance you. Of course it will cost you something so be careful and read all the fine print.

Deanne
depends on lender standards - nothing else. can be underwater or whatever as long as lender willing to do it.

Lakeisha
it depends on many things, some places will borrow you more money then your house is worth, but most want some equity, did you put money down, why refinace unless you are gettin a good rate, most places charge closing costs to refinace, it all depends on where you are living and the how much you have in your house, by the way in most states pre payment penalties are against the law!

Hortencia
I wouldnt refinance unless the interest rates were lower than you are currently paying. Before you can refinance, what you owe has to be less than the current value of your house. The average family refiances every 4.5 years.