What is a “Seasoning Requirement” when you refinance your home? Depending on the type of loan you would like to refinance, and whether or not you simply want to reduce the rate or take cash-out, a lender may require that a certain number of payments be made prior to refinancing your loan. If you are interested in refinancing, let’s talk!
Related Article Title: Seasoning Requirement for Refinance When VA Loan is Assumed Question: If a Veteran assumes a VA loan, are they eligible for a VA Refinance? MC Chart – VA Refinance Comparison Answer: When a loan is assumed, it is not a new loan. It is the existing loan with a new responsible party. […]