Pronunciation /ËpÉËfÉªkt/. 1  1Having all the required or desirable elements, qualities, or characteristics; as good as it is possible to be. âlife certainly isn't perfect at the momentâ. 2  2attributive Absolute; complete (used for emphasis) âa perfect strangerâ. âall that Joseph said made perfect sense to meâ. 3  3Mathematics.
You can refinance the other person off the loan as long as you can show proof of 12 full months mortgage payments being made by you. The 12 months payments must have been made from an account that is not joint with the other borrower.
3 major concerns - interest, costs and time. Aside from that, the only real limit on how soon you can refinance is whether you can save money by doing so. That's mainly a function of three things: 1) your mortgage rate, 2) closing costs and 3) how long you expect to live in the home.