How long must you own a property before you can refinance it?
Depending on the lender; anywhere from 0-6 months.
you can own it for a day but you will pay for it. how long have you owned it for.
Brad
If your doing a rate/term refinance then your seasoning period is not important to many lenders. If your doing a cash-out and have owned the property less than 12 months; then you will probably need to provide the original appraisal to show the value of what you paid for the property at time of purchase, as well as a new appraisal. If there is a large increase in value the lender may ask for an explanation for the jump in value. I hope this helps answer your question.
It’s possible to refinance, no seasoning required, with a newer appraised value. Not the original purchased value. Excellent way to cash out additional working capital.