Editor's choice: LendingTree
- Easy to get started
- View rates from multiple lenders
- Get alerts when a better deal is available
Finder is committed to editorial independence. While we receive compensation when you click links to partners, they do not influence our content.
Refinance your mortgage to take advantage of lower interest rates, change your loan terms or get rid of PMI. But once you’ve refinanced once, should you do it again? Though there’s no limit of how many times you can refinance, make sure it makes financial sense to do so.
You can refinance your mortgage as many times and as often as you need. While there is no legal limit to the number of refinances you can make on a property, there are some conditions your mortgage must meet. Many lenders require a seasoning period, or time between refinances.
A seasoning or waiting period is a mandatory period before you can reapply for a mortgage refinance. The length of time depends on the kind of loan you have.
|Loan type||Waiting period|
|FHA streamline refinance|
|VA streamline refinance|
|USDA streamlined assist refinance|
|Reverse mortgage refinance|
A cash-out refinance has special rules. You’ll need to wait at least six months from closing before you can apply for a new cash-out mortgage refinance. Exceptions include if:
Even though you technically can refinance your mortgage multiple times, it may not always be a good idea. Here are a few reasons to refinance again and a few points to consider before going through with it.
Borrowers consider refinancing their mortgage for a variety of reasons, including:
Refinancing isn’t always the best idea. Think about the following before you decide:
If you’re ready to refinance again, here’s how to get started.
You can technically refinance as often as you like. Most refinance programs require you to wait at least six months between transactions. You’ll also need to have enough equity and the right borrower criteria to qualify for a mortgage refinance.
But even though you can refinance, make sure it makes financial sense. Use a mortgage refinance calculator to see how much you stand to save.
Look to local resources to avoid shuttering your business this winter.
This small bank serves small and midsized businesses in Southwest WA and Portland, OR.
Finder takes a deep dive in search of recession-proof businesses and industries, looking into both businesses that are succeeding in spite of the current pandemic and industries that performed well during the Great Recession
This bank offers the basics to Kansas City, KS business owners and residents.
Agriculture loans, real estate financing and more from this Eastern Missouri lender.
While it’s incredibly convenient, you’ll need the right tech to be eligible for this service.
This online-only business savings account lets you build your savings with a high APY and no fees.
We break down why it might not be a good idea for all borrowers.
This Kentucky-based local lender offers a variety of business loans and specializes in SBA lending.
A relatively high-tech community bank with over 240 branches.
finder.com is an independent comparison platform and information service that aims to provide you with the tools you need to make better decisions. While we are independent, the offers that appear on this site are from companies from which finder.com receives compensation. We may receive compensation from our partners for placement of their products or services. We may also receive compensation if you click on certain links posted on our site. While compensation arrangements may affect the order, position or placement of product information, it doesn't influence our assessment of those products. Please don't interpret the order in which products appear on our Site as any endorsement or recommendation from us. finder.com compares a wide range of products, providers and services but we don't provide information on all available products, providers or services. Please appreciate that there may be other options available to you than the products, providers or services covered by our service.