VA Loan financing question

[TIM HUGHES]

Hello BP,

A couple questions about the VA Loan.

1. Do i have to have a certain amount of equity in the property before i can refi to a conventional loan? 

2. Is their a amount of time that i have to have lived in the property before i can refi to a conventional loan? I understand the VA recommends you occupy said property for 12 months.

Thanks as always BP!