filed for chapter 7 and 13, can i refinance my home?
reydelindy asked:
i filed for bankruptcy chapter 7 to get rid of my credit card and car loans that i could not afford anymore, now i have fallen a year behind on my mortage and i filed for chapter 13. can i refinance my mortage after this?
SPENCER
i filed for bankruptcy chapter 7 to get rid of my credit card and car loans that i could not afford anymore, now i have fallen a year behind on my mortage and i filed for chapter 13. can i refinance my mortage after this?
SPENCER
Which lenders will refinance small home mortgages?
Kevin asked:
It seems no one wants to touch loans under $50k and I need to get a little equity out of my $115k home without increasing my monthly payment
BRAIN
It seems no one wants to touch loans under $50k and I need to get a little equity out of my $115k home without increasing my monthly payment
BRAIN
How do I go about refinancing an 80/20 interest only loan combo for a property that still has a 100% LTV?
Pissed off and Pissed On asked:
I am looking to refinance my home loans. I purchased my condo with an 80/20 interest only loan a year or so ago. In about a year, my first position loan will start adjusting. Seeing as how rates are fairly low, I think it would be wise for me to refinance before too long. I’ve just recently been told that banks will no longer sell 100% LTV loans. How screwed am I? Is there any way for me to refinance?
OLLIE
I am looking to refinance my home loans. I purchased my condo with an 80/20 interest only loan a year or so ago. In about a year, my first position loan will start adjusting. Seeing as how rates are fairly low, I think it would be wise for me to refinance before too long. I’ve just recently been told that banks will no longer sell 100% LTV loans. How screwed am I? Is there any way for me to refinance?
OLLIE
I want to sell my home but I will have to take a loss. What happens to the difference of the loan?
purplecup246 asked:
Can I refinance the remaining balance and still make payments?
REGGIE
Can I refinance the remaining balance and still make payments?
REGGIE
Should I refinance or withdraw from my equity?
BB asked:
I live in a surburb of Atlanta, GA. I have $30k of equity in my home. I need some money to do some minor repairs around my home. It is about $3500 worth included labor. I want to rent out my home and buy another the early part of next year. My salary will be increased by then. I will have two raises by then. My credit scores are 648, 648, 608. A bank has approved me for a refinance loan. My interest rate now is 5.5. I was just told by a friend that I will be better off going to the bank that my loan is with and withdrawing from my equity. I never heard of doing this. Do anyone have any suggestions on what I should do?
I have had my mortgage for 2 years. My monthly payment is $641. I have a FHA. My bank denied me for a line of credit about a year ago because they said I was late too many time. I have not been over 30 days late. It was went I was out on leave. The lates are not on my credit report. I never a new kitchen floors, new doors throught the home, the whole interior done, some upgrade, and plumbing work.
WINSTON
I live in a surburb of Atlanta, GA. I have $30k of equity in my home. I need some money to do some minor repairs around my home. It is about $3500 worth included labor. I want to rent out my home and buy another the early part of next year. My salary will be increased by then. I will have two raises by then. My credit scores are 648, 648, 608. A bank has approved me for a refinance loan. My interest rate now is 5.5. I was just told by a friend that I will be better off going to the bank that my loan is with and withdrawing from my equity. I never heard of doing this. Do anyone have any suggestions on what I should do?
I have had my mortgage for 2 years. My monthly payment is $641. I have a FHA. My bank denied me for a line of credit about a year ago because they said I was late too many time. I have not been over 30 days late. It was went I was out on leave. The lates are not on my credit report. I never a new kitchen floors, new doors throught the home, the whole interior done, some upgrade, and plumbing work.
WINSTON
Refinance under Obama home affordable program?
re asked:
We just got a letter from our lender (Wells Fargo) letting us know that occupancy must remain the same as when loan was first originated, which was primary residence.We lived there for 3 years and after that we had to move there my father in law.We live somewhere else.We are paying for everything as he doesn’t have sufficient income to support himself.Are we still eligible?
RUFUS
We just got a letter from our lender (Wells Fargo) letting us know that occupancy must remain the same as when loan was first originated, which was primary residence.We lived there for 3 years and after that we had to move there my father in law.We live somewhere else.We are paying for everything as he doesn’t have sufficient income to support himself.Are we still eligible?
RUFUS
Can someone refinance their home for a 30 yr. with an LTV Lower than 100%?
Angie asked:
To make it a little more simple…
To make it a little more simple…
My friend bought a home for $900,000 with a low 2 year yr fixed rate. Like the usual scams, after those 2 years his monthly payment went up to the point he couldn’t afford it anymore. So now he has to leave the house..
Wha I was wondering is, if he can refinance it for a 30 yr fixed??or any suggestions?
His loan amt: ~ $950,000
Home value~ $800,000
is he eligable to refinance for a fixed rate , or will it be better to let go??
SALVADOR
What is the best choice for getting money out of my equity in my current home to purchase a second home?
sholly13 asked:
I have $70,000 of equity in my current home I need anywhere from $20,000 to $25,000 for the purchase of a second home. Should I refinance or take out an equity loan?
EFREN
I have $70,000 of equity in my current home I need anywhere from $20,000 to $25,000 for the purchase of a second home. Should I refinance or take out an equity loan?
EFREN
Unique situation. Refinance and cash out to down for a new home?
lmatrixl asked:
I own a 2-family home worth 370K. I still owe 88K with 12 years left on a 15 year loan. I owe a family member 200K in loan. I need to pay the family member back now. Can I (should I) refinance for the value of the home and pay off the family member with it? Basically, I’m moving from a non interest family loan to a mortgage. I know that, financially,it’s a disastrous move, but the situation is what it is. Also, if I wanted to buy a new home and put this one up for rent…would it be wise to refinance for, say, 320K (200K goes to the family member, 88K for the remaining mortgage, and 32K cash out to down for the new home)? So in the end I would have one two-family home up for rent and a home I will reside in. I’m hoping the rent from the two family home will cover the new 320K 30-year mortgage and my income 126K/year (gross) will cover my primary home’s mortgage. Which leads me to another question, at that income level, how much home can I afford? Thanks to any advice anyone can give!
MARCELINO
I own a 2-family home worth 370K. I still owe 88K with 12 years left on a 15 year loan. I owe a family member 200K in loan. I need to pay the family member back now. Can I (should I) refinance for the value of the home and pay off the family member with it? Basically, I’m moving from a non interest family loan to a mortgage. I know that, financially,it’s a disastrous move, but the situation is what it is. Also, if I wanted to buy a new home and put this one up for rent…would it be wise to refinance for, say, 320K (200K goes to the family member, 88K for the remaining mortgage, and 32K cash out to down for the new home)? So in the end I would have one two-family home up for rent and a home I will reside in. I’m hoping the rent from the two family home will cover the new 320K 30-year mortgage and my income 126K/year (gross) will cover my primary home’s mortgage. Which leads me to another question, at that income level, how much home can I afford? Thanks to any advice anyone can give!
MARCELINO
Foreign home loans such as American home loans for Australian property?
cirque2007 asked:
I am currently looking for a way to refinance my Australian property with a foreign loan. As the Australian interest rates continue to rise many other countries have rates around the 5% mark. Does anyone know a broker or lender who lends on the Australian property market.
I am an Australian citizen, living here and earning in Australian dollars
EMMETT
I am currently looking for a way to refinance my Australian property with a foreign loan. As the Australian interest rates continue to rise many other countries have rates around the 5% mark. Does anyone know a broker or lender who lends on the Australian property market.
I am an Australian citizen, living here and earning in Australian dollars
EMMETT