https://ficoforums.myfico.com/t5/Mortgage-Loans/Refinance-Question/m-p/409222#M28785 When we bought the house in June of 2008. We got rate of 6.625. We bought the house for $257,000 and put 10 percent downpayment. So our mortgage balance was $231,000. Since the rates are low would I be able to refinance my mortgage in 6 months or do I have to wait for a year? Sun, 04 Jan 2009 22:45:46 GMT Anonymous 2009-01-04T22:45:46Z https://ficoforums.myfico.com/t5/Mortgage-Loans/Refinance-Question/m-p/409222#M28785 When we bought the house in June of 2008. We got rate of 6.625. We bought the house for $257,000 and put 10 percent downpayment. So our mortgage balance was $231,000. Since the rates are low would I be able to refinance my mortgage in 6 months or do I have to wait for a year? Sun, 04 Jan 2009 22:45:46 GMT https://ficoforums.myfico.com/t5/Mortgage-Loans/Refinance-Question/m-p/409222#M28785 Anonymous 2009-01-04T22:45:46Z https://ficoforums.myfico.com/t5/Mortgage-Loans/Refinance-Question/m-p/409398#M28806 <P>You can refi now</P><P>If you used FHA you may be a candidate for a streamline refi - easier paperwork and a few dollars less.</P><P>Brian</P> Mon, 05 Jan 2009 04:52:37 GMT https://ficoforums.myfico.com/t5/Mortgage-Loans/Refinance-Question/m-p/409398#M28806 BrianB_The_Loan_Professor 2009-01-05T04:52:37Z