month of purchase.? I would like to know if there is a company who will refinance second mortgage after the house being purchased a month. If they do it will they do the price up the appraisal instead the price of the last month purchased. I like to do stated income and stated asset program.

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that may be hard to find, generally lenders want to see that you've owned the property for at least a year before they will refinance. check with mortgage brokers to see if they have anything for you, banks generally will not

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I'm not trying to beat you up here but just think about what you're asking here.

1. you have been in the house a month and you need money
2. you can't show your income
3. You bought the house a month ago...

Ok, now that that is out of the way, you can refinance the existing mortgage itself, but most likely you won't qualify for a 2nd mortgage thats going to make it worth your while to pursue. If you put money down when you did the purchase, you can extend the mortgage to cover the amount that you put down. Secured funding would be a good company to check with for a 2nd mortgage but you aren't going to get above the value of the property, they are going to require some seasoning on it. At least 6 months but most likely a full year.

Just put yourself in the investors shoes and ask yourself, "If I had the money, would I want to lend it to me?" This is not based on how good a person you are, it's based solely on the parameters of the three C's... Credit, capacity (can you pay me back) and Collateral (what's the home worth)

In this case, I know you are missing two of the C's and if you are missing the Credit portion (Which is likely since you just bought a house) you are out of the game completely.

Hope my honesty helps you. Again, I'm not trying to beat you up, just trying to put things in perspective. In my opinion, I would wait it out til you can qualify for a decent refinance.

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