Nathan Golden

2 months ago | mortgageresearch.com | Nathan Golden |Tim Lucas

The Bottom Line The best refinances save thousands, but a new loan can accomplish other goals like turning equity into cash, removing a co-borrower, and more. Is now a good time to refinance? A few years ago, with mortgage rates at historic lows, the answer for millions of Americans was yes. But that was then. Rates have since returned to market norms, and it’s hard to predict where they’ll go next.

Mar 4, 2025 | mortgageresearch.com | Nathan Golden |Tim Lucas

Homeowners may need to wait up to 12 months before refinancing a government-backed mortgage or cash-out refinance. Some refinances are available right away for homeowners who can benefit from its terms. Homeowners who want to refinance a new mortgage might first have to wait six months, a year, or longer. Other homeowners can refinance right away. Whether, and how long, you’ll wait depends on why you’re waiting and who is requiring the wait. Some loan programs will require the wait.