Do you HAVE to wait a specific period of time before you can refinance after you have purchased a home and have 100% equity?

Not in most cases, unless your mortgage has an early payoff clause or prepayment penalty or something you can refinance right away. My question would be why? If you just made the purchase then your rate should be in line with what rates are today and your equity position would be no different...so why do it?

Your questions is confusing.. If you purchased a home for $100K, but was worth $200K, and you want to refinance, then yes.. This can be done, however they will not allow you to take out more than you borrowed in the first 12 months.. So, you cannot tap into your equity.. You could apply for a home equity line of credit if the above scenario is your situation. You apply once, and have unlimited access to your equity without having to reapply each time.. If you paid cash for your home, and you have no mortgage, and now wish to finance your purchase to pull cash out, this can be done, but the same guideline applies.. you cannot take out more than what you paid for the home (within the allowable loan to value limits that is)... if you purchase the home for $100K, and paid cash, and now wish to pull that cash back out, then you can only pull out 70% or $70K... if this is the LTV the lender allows for cash out transactions... I'm a Broker here in Scottsdale AZ and I only lend in Arizona. If you or someone you know is looking for financing options, feel free to contact me or pass along my information. 480-287-5714 WilliamAcres.com

No you don't

As asked above, it really depends what you mean by "100% equity. If you owe as much as the house is worth, it would depend on what kind of loan you used to purchase the home. Certain loans allow a refinance after you have owned for a while to take advantage of lower rates. If you paid cash, I can help you obtain a mortgage based on the original purchase price within the first 6 months (few lwnders have this option but we do offer it and the rates are competive with current purchase mortgages), otherwise you would have to wait until it has been 12 months. I lend in GA, please call or email for more information 843-619-6025 or pdumouchel@primelending.com