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How quickly can you get a mortgage refinance after buying a home? – Fox Business

The type of loan you currently have may dictate your mortgage refinance timeframe.

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Even if you’ve just purchased a home, watching mortgage rates drop makes it tempting to refinance your existing loan. After all, even a minor decrease can have a big impact when it comes to savings.
Cindy Couyoumjian, founder of Cinergy Financial and author of “Redefining Financial Literacy,” used the following example to illustrate that point.
“Suppose your mortgage payment is $1,000, if you lower your interest rate by 1%, your payment will be reduced by $100,” she explained. “That’s a $12,000…

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