4 Replies

You can refinance as soon as you would like! That said, most banks will still prefer you to have 20% of equity (minus closing costs) after the cash out refinance takes place. Keep that in mind. 


I’m not sure your situation, but for me it’s generally better to do a refi when I’m getting at least 1% or more in savings or if I have a hard money loan that I want to replace with a conventional mortage. Hope that helps. 

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