Legal Question in Real Estate Law in California

Timeline on refinance

May I refinance my home immediately after purchase, or is there a waiting period. Or if I assume someone elses loan do I need to wait to refinance.


Asked on 3/19/04, 11:24 pm

1 Answer from Attorneys
Ken Koenen Koenen & Tokunaga, P.C.

Re: Timeline on refinance

There is no "law" against refinancing. However, your loan may have a prepayment penalty, which states that if you pay off the loan prior to a specified period of time (2 years is typical), you will pay 6 months of interest in addition to the principle. Read the loan documents carefully.

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Answered on 3/20/04, 12:43 pm


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