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How can you refinance a home loan if you owe more than your property is worth?
Dirtychicken
More than likely if your credit is good you can still refinance a home that is valued at less than you owe. You would have to roll the difference in what it's worth and what you owe into the new loan. This would only be beneficial if the new loan had a much lower interest rate than your current loan.
You can consult a mortgage professional for further details on your options regarding the situation.
Wiki User
∙ 15y ago
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If you purchased a home with your ex-roommate can she refinance the home in her name only to remove your name from the loan since you have moved out?
No, if your name is on the home you are 1/2 the legal owner of the property. You are then responsible for 1/2 of the loan. If your roommate can qualify for the loan on her own you would have to reliquish your rights to the property to remove you from the ownership of the property
Where could someone find home refinance loan rates?
Zilliow have home refinance loan rates. Also you can find more information on MSN money. The company bank rate also have home refinance loan rates avalible.
Why might one refinance a home loan or mortgage loan?
Someone might refinance a home or mortgage loan to take money off of the equity they have in the house in order to make improvements that will increase the value of the home. Another reason could be another investment that would make taking money out on the equity in the home worth it.
Home loan online refinance rates are offered as low as what percentage on the Lending Tree homepage?
Home loan online refinance rates are offered as low as 3.13% APR according to the Lending Tree homepage. The percentage APR a person qualifies for will depend on the type of loan received and the type of property.
Where can one get refinance or home equity loan?
You can get a refinance or home equity loan from banks such as Chase. Alternatively, you can also get this loan from the Bank of America. You can apply online at their respective websites.
If you purchased a home with your ex-roommate can she refinance the home in her name only to remove your name from the loan since you have moved out?
No, if your name is on the home you are 1/2 the legal owner of the property. You are then responsible for 1/2 of the loan. If your roommate can qualify for the loan on her own you would have to reliquish your rights to the property to remove you from the ownership of the property
Got a home loan and gifted a percentage to sister. I now want to refinance or put on the marketShe refuses to sign anythingI can't sell or refinance. If I foreclose Will this affect her credit?
Who is on the title to the property? and who is the loan name under?
Where could someone find home refinance loan rates?
Zilliow have home refinance loan rates. Also you can find more information on MSN money. The company bank rate also have home refinance loan rates avalible.
Why might one refinance a home loan or mortgage loan?
Someone might refinance a home or mortgage loan to take money off of the equity they have in the house in order to make improvements that will increase the value of the home. Another reason could be another investment that would make taking money out on the equity in the home worth it.
Do you need to have a separation agreement to refinance a mortgage in your name?
You can refinance the mortgage in your name if the property is on your name alone and the lender approves your loan.You can refinance the mortgage in your name if the property is on your name alone and the lender approves your loan.You can refinance the mortgage in your name if the property is on your name alone and the lender approves your loan.You can refinance the mortgage in your name if the property is on your name alone and the lender approves your loan.
Home loan online refinance rates are offered as low as what percentage on the Lending Tree homepage?
Home loan online refinance rates are offered as low as 3.13% APR according to the Lending Tree homepage. The percentage APR a person qualifies for will depend on the type of loan received and the type of property.
Where can one get refinance or home equity loan?
You can get a refinance or home equity loan from banks such as Chase. Alternatively, you can also get this loan from the Bank of America. You can apply online at their respective websites.
What is the difference between a refinance and a home equity loan?
There are many differences between a refinance loan and a home equity loan. These include differences in costs, loan structure, interest rates and accessing your money.
Where can one find home loan refinance quotes and rates online?
Home loan and refinance quotes and rates can be found on numerous sites online. These sites include Close Your Own Loan, Chase Mortgage Refinance, and America First.
In what situation might you need to refinance with a home loan?
You may need to refinance your home loan if you need to get money against your home. For example you are in the situation you lose your job and have no money, some people refinance , and borrow against their home in order to get money to live, however it does create a second loan.
Can you get a home equity loan if you have a 1st and 2nd on your property and your escrow states that you can not refinance for 3 years?
A Home Equity loan is an additional loan from your first and second mortgage. It does not require a refinance process. However, consider if you want to saddle your home with any more debt, given that you may not have much equity. If you are paying PMI, it may also change that position.
What does refinancing actually mean?
Refinancing your home loan is where you take out a new home loan to pay off your existing one. You can either refinance by taking out a loan with a new bank or you can refinance to a new loan from your existing lender.
