Normally you would need to be up to date with payments and clear of arrears for six months. Credit policies tend to vary from lender to lender but generally for most lenders you would need to be clear from arrears for a certain period of time before refinancing. The best thing to do is to refer to the institution that you are looking to refinance with and see what their policy may vary and may depend on how much they are behind and for what reason.  

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