cancel
Showing results for 
Search instead for 
Did you mean: 

How long to wait after mortgage closes to apply for Balance Transfer

tag
chris288
Regular Contributor

How long to wait after mortgage closes to apply for Balance Transfer

We are just closing on a Mortgage refinance in a week. Since it's the first of the year we received some great Balance Transfer offers from banks we do business with.

When is the right time to apply? I do not want to do it until after we close on the Refi, but is their a waiting period? 1-2 weeks? A month?

Be horrible to close then have mortgage bank come back and get angry because we applied for BT.

Thanks for the help
3 REPLIES 3
ShanetheMortgageMan
Super Contributor

Re: How long to wait after mortgage closes to apply for Balance Transfer

You should be good 1 day after closing (the day the lender wires the funds to the title company/closing attorney/escrow company).

Free Mortgage Advice & Pre-Approvals (FHA, VA, USDA, Fannie, Freddie, Non-Prime, Construction, Renovation/Rehab, Commercial) since 2002
Located in Southern California and lending in all 50 states
Message 2 of 4
chris288
Regular Contributor

Re: How long to wait after mortgage closes to apply for Balance Transfer

Fantastic !! Thank you for the help.
Message 3 of 4
ShanetheMortgageMan
Super Contributor

Re: How long to wait after mortgage closes to apply for Balance Transfer

De nada.

Free Mortgage Advice & Pre-Approvals (FHA, VA, USDA, Fannie, Freddie, Non-Prime, Construction, Renovation/Rehab, Commercial) since 2002
Located in Southern California and lending in all 50 states
Message 4 of 4
Advertiser Disclosure: The offers that appear on this site are from third party advertisers from whom FICO receives compensation.