How fast can I refinance my house?

You can refinance your home loan as soon and as often as you’d like. That said, if you want to refinance with the same lender, you’re likely required to wait 6 months. From the moment you submit your new loan application, you can expect the refinance process to be over in around 30 to 45 days.

How long does it take to approve a refinance?

The length of time it takes to approve a refinance application will depend on the lender and the demand. When mortgage rates are low, approval times tend to take longer. Since the timeline is so reliant on the current state of business, it’s a good idea to apply to multiple lenders and ask them for their current approval timeline.

Does refinancing my mortgage hurt my credit?

Applying for any loan, including a refinance, requires a hard inquiry into your credit history. Hard inquiries do hurt your credit score, which is why it’s important to submit all your loan applications within a 2-week time frame. Credit scoring models will view condensed loan applications into a short period as one hard inquiry rather than multiple.

How Long Does It Take To Refinance A House?