Yes, you can sell your home after refinancing, as long as your new mortgage contract includes the owner occupancy clause. Here are some important points to keep in mind when considering selling your home after refinancing:
Check your new mortgage contract: Before deciding to sell your home after refinancing, ensure that your new mortgage contract does not have any penalties for early termination or prepayment.
Understand your refinancing terms: Take note of the terms of your refinancing agreement and review it thoroughly. Understand the amount of payments required to repay the refinanced mortgage, the interest rate, and other additional costs.
Consider the timing: The timing of selling your home after refinancing also matters. If you sell your home immediately after refinancing, you might end up paying more in closing costs, which could eat into your profits.
Explore your options: It might be a good idea to speak to a real estate agent or a financial advisor before making the decision to sell. They can provide you with valuable insights and help you weigh your options.
Remember, selling your home can be a complicated process, and refinancing adds another layer of complexity. So make sure to understand all the documents and agreements involved before making any decisions.