I refinanced my house last month for the first time how long do i have to wait before i can sell it??

Shavon
Not sure why you would have refinanced it if you knew you were selling as you just lost whatever you paid for closing costs. Make sure you don't have a prepayment penalty otherwise your going to lose more equity.

Freddy
How soon can you get it listed? Unless your mortgage has some special clause that is abnormal, you can sell any time you want.Keep in mind though, that your refinancing costs would be out the window.

Alejandra
You can sell it at anytime you should so desire.However, check whether you mortgage loan paperwork to see if there is a pre-payment penalty clause. This would mean you would incurr a penalty equal to a certain percentage (usually 1-4%) of the remaining balance of the mortgage loan. Therefore, if you were intent on selling the property before that time frame expired, you may need to account for that in your selling price so that you don't get caught oweing more than you thought. It also depends if it is a "Hard" or "Soft" pre-payment penalty type. A "hard" penalty type means the property Can NOT be sold or refinanced without the borrower incurring the penalty. A "soft" penalty type means the property can be Sold with no penalty, but if refinanced there would be.

Chasidy
You can sell it now, check to make sure there is no pre-payment penalty on your new loan.

Lore
They're both right, you can sell at any time, but beware of prepayment penalties. SOME, not many, banks will have a prepayment penalty that does not apply to sales, so read your note AND any addendums carefully. If you can't tell, ask the bank or broker you went though to explain it exactly.Good luck!