How many years do you have to pay on a mortgage before you can refinance?

We have a fixed rate FHA mortgage. How many years do we need to pay into it before refinancing will help lower our monthly bill?


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3 Responses to “How many years do you have to pay on a mortgage before you can refinance?”

  1. STEVEN F says:

    NONE. As long as you can convince a new lender to loan you enough to pay of the ancient mortgage, you can refinance the day after you close on the first loan. Naturally, that NEVER makes practical sense, but it is 100% legal.

    The interest rate and refinancing costs are what determine if refinancing is worth while. You can’t predict the change in interest rates based on the age of the loan.

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