Is it common for lends to ask for you to live in the house for a year in order to qualify for a refinance loan?

Kasey
the lender says that if we do not live in the house that we have lived in for 5 yearsand are refinancing for a 1-year the loan will come do on demand.

Lynda
he is wrong

Oleta
Yes, a lot of lenders are wanting you to keep the loan for 1yr but those tend to be the ones that are rolling the fees into the loan. I have seen many loans with this clause in their contract. The questions is why would you want to go through the hassle of a refi to only sell it? Do you need the money now? The lender looks at this as a big no no because the house may go down in value and you end up owing more than you refi'ed it for. To the 5yr part I have not seen that in any contract.