refi question

[tressa]

This might be a stupid question. My husband and I have a variable interest rate on our house, its currently 6% and will go up in April. (3 years after purchase) We want to refi to get a locked interest rate. We were dischared June 14, 2005. Well my quetions is, Is it going to make a big difference if we wait 6 months or 9 months after discharge? As far as interest rates go. Our interest rate can go up to 12%!!

[mmcconn2]

Usually you will not get a favorable interest rate until 12 months after discharge, but that is not to say it is impossible. Good Luck.