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Yes, you can get a new home loan even if you have an existing one, but your eligibility and terms may be influenced by your current home loan obligations and financial situation.
What else can I help you with?
Is it possible to refinance an existing home equity loan into a home equity line of credit?
YES, ALL YOU NEED TO DO IS GET IN TOUCH WITH YOUR BANK AND TELL THEM THAT YOU NEED AN EQUITY LOAN EVEN THOUGH YOU ALREADY HAVE AN HOME EQUITY LINE OF CREDIT AND THEY WILL WORK WITH YOU BECAUSE ITS UNDER THE 4TH RULE IN BANKING, THEY HAVE TO AND DONT LET THEM TELL YOU DIFFERENTLY!
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.
What are Home Depot 401k loan guidelines?
upon paying off an existing loan how long before you may take out new loan
Can you get a home equity loan without documenting your income?
No. Even though a home equity loan is backed by the value of one's principal residence, the individual's income must be substantial enough (after other payments) to cover the principal and interest payments associated with the home equity loan. If income cannot/will not be documented, no lender will approve a home equity loan.
Where can one find information regarding Florida home loan refinance?
One can find information regarding Florida home loan refinance when one goes to the site of bankrate dot com. This site offers tips on how to refinance home loan even though one has bad credit.
What is the difference between an FHA home equity loan and traditional home equity loan?
An FHA home equity loan differs from a traditional equity loan in that it allows homeowners with bad credit to refinance their mortgage, and can be practical for people wanting to purchase a new home or repair their existing one.
Can you add a co-borrower to an existing home loan?
No, you have to refinance the mortgage. The person you want to add to the loan needs to apply with you on the new one.
How is Home Loan Services Inc associated to First Franklin?
They bought a portion of their existing accounts
Can you be on your wifes home owners insurance even though you are not on the deed or loan?
Yes, The insured can add a spouse to the policy as a co-insured. You don't have to be on the deed.
How do you get a loan to buy an existing business What extra steps do I take if I have bad credit?
You might be able to get a loan even with bad credit. You will, however, get the loan at a very high interest rate.
Can you use a home equity loan to pay off your existing mortgage?
Equity is the value of your home less the amount owed on the mortgage. A home equity loan is a loan secured by the equity in your home. Your lender will use an assessment to decide your home's value and the amount of equity available to abstract. If the available equity exceeds your mortgage balance, you can use an equity loan to pay off your mortgage. If your mortgage exceeds the available equity you cannot use the equity to pay off your existing mortgage.
Where can find equity home loan mortgage refinancing in Houston?
One can find equity home loan mortgage refinancing in Houston at the following places: Loan Star Financing, TexasLending and even at Houston Home Loan.
