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.
Refinancing a mortgage loan involves more than timing. Mortgage lenders have different guidelines when it comes to how soon after buying a home you can refinance the loan. Some lenders will give you a loan almost immediately while others may make you wait. Generally, lenders base how soon you can refinance your mortgage loan on the amount of equity you have in your home rather than on how long youâve owned the home.