Consumption and Real Estate
Is the process of refinancing your home easier than the process of buying it?
Question : Is the process of refinancing your home easier than the process of buying it?
We are self employed and our family has helped us purchase our home with a balloon note. We will refinance within two years to take their home off as collateral on the loan. Is the process of refinancing easier than the process of buying?
refinancing your home
Best answer:
Answer by Steve D
About the only difference between buying a house and refinancing a house is the fact that you don’t have to house hunt. Other than that, it’s about the same.
This entry was posted by admin on September 6, 2010 at 12:15 pm, and is filed under Loans & Mortgages. Follow any responses to this post through RSS 2.0.You can leave a response or trackback from your own site.
- Home for sale in Ottawa
- Portland Oregon Home Styles
- The Best Home Investment Avenues in Languedoc Roussillon
- Purchase a home or land Callicoon NY properties
- How to Sell Your Home
- A reduction in the burden of home purchasing with Consolidation of Property Obtain Options
- IDX provides Tad Szmelter Genuine Estate customers better access to MLSNI Home Listings
- Florida Fort Lauderdale New Home Communities – New Homes Ft Lauderdale Florida Actual Estate
- Longboat Essential Homes for Sale – The fastest strategy for your vending Residential Home By way of the Net employing on-line Estate Brokers
- Hudson Valley Real Estate? Ideal to get your dream home
As far as the requirements for securing the loan, it’s pretty much the same, same paperwork, you have to get an appraisal, etc. It is a little easier on you, though, because you don’t have the prospect of an upcoming move or the stress of the home you’re buying falling out of escrow if the funding doesn’t go through. If the funding does stall or doesn’t go through, you just wait for it to happen or look for another lender.