Refinancing home loan - how soon can you?

We have had our home loan for 3mths, and I was wondering how soon you can refinance as I want to use some of my equity (we only borrowed 60% of the house cost), to do some renovations and add our car loan into it. So does anyone know when I would be able to refinance???

You can do it anytime unless your first mortgage has some kind of prepayment penalty. The lender will use the purchase price or appraised value whichever is less if you refi within the first 12 months of ownership. Restrictions for the max loan to value may apply for a cash out (car loan being paid off is cash out). I have included a website below which may help answer some of your concerns. good luck!

You can refinance a month after you have lived in your home. In fact, I do it for clients all the time when they feel they bought a home that is undervalued.

If you are at 60% LTV, you could get out at least 20% of the home value in cash with out a problem.

I am a broker that can book loans in any state in the mainland US. Feel free to email me with your loan amount and home value and I can help you out.