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Updated almost 7 years ago on . Most recent reply

User Stats

12
Posts
3
Votes
Andrew Domingues
  • Real Estate Agent
  • San Francisco, CA
3
Votes |
12
Posts

Refi now and again in 6 months

Andrew Domingues
  • Real Estate Agent
  • San Francisco, CA
Posted

Hi,

I have a client who is going through a divorce. His ex wife lives in their marital home and wants to refinance the home right now because she can't afford the mortgage. He wants to wait 6 months so that he can buy her out. Just wondering if you guys think a bank would be willing to refi now and then again in 6 months? Because I don't think that idea tracks. They should just wait 6 months so he can buy her out. Right? Or am I just being overzealous for my client? Any thoughts? I'm not a mortgage broker, and I'm a fairly new to real estate so any feedback would be greatly appreciated.

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