How Soon After Refinancing Can I Buy Another Home. This is due to the fact that your home is held as collateral on the loan, but it doesn’t mean you have to wait to sell. Va loan after seven months for all refinance types;
“until you have the keys, don’t do anything,” karetskiy said. Now, the op has said nothing about barely qualifying for the loan or any other red flag, so i mostly agree that they absolutely could head right to a car dealer after closing, but the more prudent thing to do is, like they suggest, buy a car the weekend after closing. If you plan to buy a vacation home or an investment property, you can buy as soon as.
This is known as your right of “rescission.”. With this new lower payment, it’ll take about 81 months (or about 6.75 years) to save the amount you paid in closing costs on your refinance. You might have to wait six months before you can refinance with the same lender. Now, the op has said nothing about barely qualifying for the loan or any other red flag, so i mostly agree that they absolutely could head right to a car dealer after closing, but the more prudent thing to do is, like they suggest, buy a car the weekend after closing.
