Go Back To Search Results Question Will I be able to refinance home, if it was on market? My house is on the market. But, I decided to pull it off and refinance it, pay off bills & keep it until I am done with school. I have been told that you cannot refinance if your home was recently on the market. But, I have also been told sometime s you can. This is in California. Does anyone know if I can refinance it if I pull it off the market? I have not been able to find any info online. So any mortgage brokers or banks in CA, If you know what the stipulations are, please let me know. Or if anyone has refinanced after their house was on the market. Who did you use & what did you have to do? Thanks By jOE l Posted on 12/08/06 Total Answers 5 Answers- You should be able to refinance. Banks are sometimes reluctant to refinance if a house is currently on the market. Answer by : ramman On Date 2006-12-08 19:36:35 Typically you can not refinance if your home has been on the market in the last 6 months however some lenders will do it one day off the market but may require a prepayment penalty to be attached to the new mortgage. Keep in mind anything is possible as lenders are getting desperate for loans right now so I would take advantage and refinance if that is your goal. I hope this answers your question but if you have any further questions or need any help locating a lender who can help please email me. Answer by : Dan On Date 2006-12-08 20:37:45 There are a few lenders that will allow a person that has had their homes listed for sale now to refinance their house. You should contact a mortgage broker in California so he can locate a lender for you that will offer you a good rate based on your credit score. He will require lots of paper work from you so be prepared to submit it to him as soon as possible, it will make your loan experience go a lot faster and smooth. Most of the paperwork he will need you will have available immediately like pay stubs, w-2 and a few other documents. I hope this has been of some use to you, good luck. "FIGHT ON" Answer by : Skip On Date 2006-12-08 23:02:57 Yes, I'm a mortgage consultant in California and there are a few lending institutions that I'm aware of that actually don't mind if your home was just on the market and you changed your mind and decided to refinance instead. If you would like more information on this, please let me know. My name is Marcus and you can e-mail me at mwilliams909@yahoo.com. Answer by : marcus w On Date 2006-12-08 23:15:14 Contact a mortgage broker in your area. There are many lenders out there that will refinance a property if it's been listed as long as the value is well supported in the appraisal. Most lenders will NOT refinance if it is currently listed because that puts you at a higer risk of defaulting on the property. I work for New Century and we will do a loan like this but we don't do borrower direct loans. Answer by : frogee100179 On Date 2006-12-08 23:23:20   Go Back To Search Results