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.
You typically must wait one year to refinance after a missed mortgage payment. When evaluating a refinance application, a mortgage lender ensures that your present loan is current, with no late payments for at least the past 12-month period.ou typically must wait one year to refinance after a missed mortgage payment. When evaluating a refinance application, a mortgage lender ensures that your present loan is current, with no late payments for at least the past 12-month period.