How Often Can I Refinance My Home?

Thomas Martin Staff asked 5 years ago

Traditionally, a qualified borrower can refinance their home every 12 months. The reality is, if you are finding yourself needing to refinance frequently, chances are high you’re getting terrible financial advice. If you’re in a position of needing repeated refinancing, give us a call today at 1-954-667-9110 or use our Full Application to make contact with us. The typical borrower pays 12 to 20 thousand dollars a year in mortgage interest. That amount of interest will never go down unless you begin paying more towards your principle. Constant refinancing under the same 30 years term is like starting your loan all over again. A new loan each time that in many instances increases the original amount financed through additional closing costs. It’s a ground hog day mortgage you don’t want to repeat!

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