Refinancing Listed Property

Is your house currently listed on the open market?  Was it listed within the last six months?  Couldn't sell your house, unable to take out equity, or stuck with an adjustable-rate mortgage that's due for an increase soon? 

If you have recently had your home listed for sale on the MLS there are a few ways that it will affect your ability to refinance the home.  Lenders are less likely to refinance a home that was unable to sell in the open market because its market value has come into question.  If you wanted to sell your home for $400,000, and then try to refinance because it couldn't sell, the lender will question the $400,000 value.  In their view, if it really is worth that amount, it would sell.  And because of that, a lender may only offer to lend a reduced amount on the property, or not lend any money at all.

However, there are lenders out there that don't care if your home is listed, so don't believe it if someone says you absolutely cannot refinance your home after it was listed.  Strategic Home Loans can help you get some equity out of your house, and get you out of an adjustable-rate loan. 

While most lenders would consider you ineligable for a traditional mortgage if they know the house is listed for sale, we work with a group of lenders that won't hold your listing against you!  We have a refinance program for homes that were recently listed for sale, and we can get you a new loan as soon as your home is taken off the market.