OfflineCan you sell your house after refinancing it?
How does the refinancing process work?
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Refinancing
Posted on: Sat, 07/18/2009 - 04:44
Can you sell your house after refinancing it?
How does the refinancing process work?
As long as theres equity and someone is willing to buy it then you can sell your house. When you refinance a property, you are essentially, paying off the originating mortgagee (Lender) and taking on a new mortgagee (Lender).
How does the refinancing process work?
"I will NOT BE BROKE! ANYMORE!"
In the name of Allah, the Beneficent,
the Merciful.
22.He is Allah besides Whom there is no God: The Knower of the unseen and the seen; He is the Beneficent, the Merciful.
23. He is Allah besides Whom there is no God: the King, the Holy, the Author of Peace,the Granter of Security, Guardian over all, the Mighty, the Supreme, the Possessor of greatness. Glory be to Allah from that which they set up (with Him)!
24. He is Allah: the Creator, the Maker, the Fashioner: His are the most beautiful names. Whatever is in the heavens and the earth declares His glory: and He is the Mighty, the Wise.
Of course you can sell a home after refinancing it. Just don't over finance it, make sure you will be able to get more than what you took out so you can pay off all of the mortgage.
Jeremy
This train, Dreams will not be thwarted
This train, Faith will be rewarded
Big wheel roll through fields where sunlight streams
Meet me in the Land Of Hope And Dreams
Bruce Springsteen