From: "Rui Teixeira" 
Newsgroups: alt.invest.real-estate.methods
Subject: Re: Anyway around  5 year refinancing restriction?
Date: Mon, 7 Jul 2003 21:52:33 -0400

Check the contract first...


"Jeff"  wrote in message
news:4bf28a71.0307071713.2dc647f9@posting.google.com...
> I am interested in refincing my home loan, but I am being told that I
> cannot without paying six months interest as penalty.  I am curious if
> anyone has faced a similar situation?  I refinanced about a year ago
> at 7.0%, now I'd like to refinance again as rates are around 5.5%, but
> my bank is telling me that in the contract for the first refinance,
> there was a clause that said I agree not to refinance for 5 years.
> Ofcourse, I was not told about this at the signing.  Any ideas?
> Thanks!
>
> Jeff




-----= Posted via Newsfeeds.Com, Uncensored Usenet News =-----
http://www.newsfeeds.com - The #1 Newsgroup Service in the World!
-----==  Over 80,000 Newsgroups - 16 Different Servers! =-----