When can i refinance or apply for mortgage for a house?

Kareen
I am buying a house from a auction and i have to purchase this in cash deal only as per auction guidelines, i am borrowing almost 80% from friends and family at this point to close the deal, the zestimate as per zillow is around $215000 buying for $ 165000 when can i apply for loan to pay the borrowed money to friends and families, This is New Jersey

Chad
There are a number of different reasons you may want to refinance your home mortgage loan, the most common reason being that people want to lower the monthly payments, mainly by lowering the interest rate.There are a couple of things that you must consider when you are looking at refinancing your home mortgage loan. You need to work out in your own mind how much money it will really save you, you should take into consideration the closing costs, and any other refinancing fees.The things you must consider include:* Seasoning period* Early Payoff penalty* Closing costs and any fees* Break even analysisto get more best solution you can try here : http://www.iloanshop.comGood Luck...!

Brandee
in this market, zillow can be wrong - A LOT.I would have an realtor tell you what the value is based upon real numbers. I would also talk with a lender to see if you can qualify for the loan BEFORE you purchase the house. If I was the friend and family, I would require you to provide me with loan approval for the amount that you are purchasing the house for AND a summary of what the house is worth. BEFORE I loaned you any money.

Beulah
You can get help in here http://www.mortgagewallet.com.