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.
If you are refinancing and have a second mortgage or HELOC that will not be included in the refinance, make sure your loan originator is aware and that they know how long subordinations are taking so they can lock your rate in appropriately. A 30 day lock with a 20 day subordination is not going to cut it.