How bad was your credit?
How bad IS your credit?
Is your loan about to reset?
Are you looking at a payment in the near future that you can not afford?
Send your S.O.S. email and I will see what can be done for you.

You can refinance anytime but there are some things to look out for. If you have your old closing papers…look at the Note. It will tell you if you have a prepayment penalty-which means that there is a fee for paying the loan off too soon.
Also, have you given yourself enough time to improve your score? If not, then there is no sense in paying closing costs just to have another bad rate.
I work for a title company and would be happy to give you the name of some honest, no pressure loan officers. They can at least look at your situation and see if they can improve it. At least you will know.
Shoot me an email if you would like.

Stephanie

Some lenders have title seasoning requirements of various lengths - no seasoning, 6 months, 12 months, etc but you can get past this by shopping around.

Read your paperwork thoroughly to make sure you don’t have a prepayment penalty. If you do, you will have to weight the pros and cons of refinancing. We offer free refinance loan quotes, if you are interested.

Lastly, yes, you would have to pay closing costs again. Some of these costs will be tax deductible next year.

Best of luck.

Yes, you may have to pay the closing cost again. In addition, your loan may be subject to pre-payment penalty. You should call your bank and see if there is one. Should there be a pre-pay penalty, find out what it is.

Yes you would have to pay closing costs again in all likelyhood. Usually the money you would pay on those closing costs would be better spent paying down your principle if you have those funds available. Before you were to decide to re-finance, check with your current lender and see if they won’t reamortize your loan at a lower rate after a period of on time payments. YOu would avoid a lot of costs because you would not have to requalify, re-appraise, and pay all those loan origination fees.

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