Refinancing 6 months from now

[Jeremy Willis]

I’ll keep this as quick as possible. I’m moving forward with a home purchase. I’m using a grant program through the state of Maryland to cover the down payment and fingers crossed the bank owned property will help with closing costs. The interest is high but my plan is to refinance in 6 months to lower the rate.

I’m hearing we are in a bubble currently. Is my plan in danger of not working out if the bubble pops? I don’t want to pocket the cash just want the lower rate. This is the only way for me to keep a savings otherwise I would not go with the grant program.