Refinance guide seasoning after purchase before refinancing

Refinance guide seasoning after purchase before refinancing

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What “Seasoning” Means and When It Makes Sense Seasoning refers to the required waiting period between purchasing a home (or obtaining a mortgage) and refinancing that mortgage. Lenders and loan programs set seasoning requirements to reduce fraud, protect investors, and ensure borrowers establish payment history. Seasoning commonly matters most for cash‑out refinances, certain government programs,…

Refinance guide seasoning requirements for cash-out refinance

Refinance guide seasoning requirements for cash-out refinance

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Seasoning Requirements for Cash-Out Refinance: What Homeowners Need to Know When homeowners want to tap the equity in their property through a cash-out refinance, one of the first obstacles they may encounter is a “seasoning” requirement. Seasoning rules determine how long you must own or have had an existing mortgage on the property before a…