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Updated over 10 years ago on . Most recent reply

User Stats

90
Posts
48
Votes
Brock Y.
  • Investor
  • Lake Villa, IL
48
Votes |
90
Posts

How soon can I refinance?

Brock Y.
  • Investor
  • Lake Villa, IL
Posted

I am in the process of buying a property in Chicagoland. Let's just say it's been less than ideal process. I am usually not one to get annoyed but it seems as if the lender is doing anything they can to not give me the loan. I have provided everything they want so they find more for me to prove. I have provided over 20 bank statements, letters of explanations, etc. To this point and am currently needing 4 more.  I would go more in depth to the absurd requests that make no sense but it's not for here nor there.

My question is, I am so far in the process I am going to go through with this lender but how quickly can I refinance with another? I hate the idea of them getting any money through interest of the poor service they have provided. I have purchased other properties and have never had a problem.

Most Popular Reply

User Stats

4,456
Posts
4,295
Votes
Ben Leybovich
  • Rental Property Investor
  • Phoenix/Lima, Arizona/OH
4,295
Votes |
4,456
Posts
Ben Leybovich
  • Rental Property Investor
  • Phoenix/Lima, Arizona/OH
Replied

Usually lenders like to see 12 months of seasoning...not always, but most times.

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