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Do you have a lien on your home? If a lien is placed on your home, you will not be able to refinance to pay back taxes.

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Q: Refinance your mortgage if you owe back taxes?
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Do you get cash back when you refinance your car with the credit union?

When you refinance your car, you get a new loan for the remaining amount that you owe. You cannot cash out unless you sell the car for more than you owe.


How does paid off home affect your property taxes?

Generally, property tax is not determined based on a mortgage. If you owe a mortgage on your home or if it is paid in full, the property taxes will be the same. The difference for you is that you will need to track and pay the taxes yourself, instead of letting the mortgage company pay the taxes from your escrow account.


Can you get federal student aid if your parents owe back taxes?

Yes. Just because they owe back taxes, doesn't mean that it will affect your student aid.


What are the steps to refinancing a home loan?

In order to refinance your home you need to know the worth of your house compared to how much you owe. You also need to call and talk to your bank or mortgage lender to see if it would be beneficial for you to refinance or if there are other options available to you.


How can you refinance a home loan if you owe more than your property is worth?

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.

Related questions

What will happen if you file the current years taxes and owe for back taxes?

You will have to pay a fine. And pay all the money back that you owe.


Do you get cash back when you refinance your car with the credit union?

When you refinance your car, you get a new loan for the remaining amount that you owe. You cannot cash out unless you sell the car for more than you owe.


Do you owe IRS back taxes?

yes


Can you sell land you owe back taxes on in ga?

Sure you can just after you pay the taxes you owe. I assume that a tax lien has been placed on the property by the State of Georgia or the County where it is located. This is similar to having a mortgage on a piece of property. Unless the bank isn't getting paid neither are you.


How does paid off home affect your property taxes?

Generally, property tax is not determined based on a mortgage. If you owe a mortgage on your home or if it is paid in full, the property taxes will be the same. The difference for you is that you will need to track and pay the taxes yourself, instead of letting the mortgage company pay the taxes from your escrow account.


Can you get a return if you owe back taxes?

If you owe back taxes, the IRS will automatically deduct that amount from your refund. Depending on that amount, you can only receive what is left from that deduction.


Can you get federal student aid if your parents owe back taxes?

Yes. Just because they owe back taxes, doesn't mean that it will affect your student aid.


How many senators owe back taxes?

nine


What congressman still owe back taxes?

what fongressmen owes bacvk taxes and how much


What are the steps to refinancing a home loan?

In order to refinance your home you need to know the worth of your house compared to how much you owe. You also need to call and talk to your bank or mortgage lender to see if it would be beneficial for you to refinance or if there are other options available to you.


If you filed your taxes last year and got a RAL loan and it was a mistake on your taxes and the bank issued you a overnight check do you owe the bank our do you owe the IRS?

you going to pay back taxes to the IRS


Can you receive a government grant for college if you owe back taxes?

YES