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Depending on your credit score you can refinance up to 100% of the appraised value of your home. In fact, there are some lenders who will allow you to borrow up to 125% of the value, if you have a credit score about 720.

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โˆ™ 2006-03-24 16:45:51
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Q: Can a home be refinanced for more than the current loan amount?
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How to get a spouse off a car loan?

The loan must be paid off and refinanced in one nameThe loan must be paid off and refinanced in one nameThe loan must be paid off and refinanced in one nameThe loan must be paid off and refinanced in one name


What did the home owners' loan corporation do?

Refinanced people's home loans at lower interest rates


How do you add a name to a loan?

The original loan would need to be refinanced.


Can an equity loan be refinanced?

no i do not think so


Can a Va Loan be refinanced?

Yes, VA loans can be refinanced. Many companies do this. More information can be found at the website www.valoans.com/va_refinance.cfm. any loan can be refinanced including a V A loan,for more imformation on refinancing loans contact your local V A office


How is repayment structured on auto loan refinance?

When an auto loan is refinanced, repayment is structured depending on the amount outstanding on the loan and the amount of months left to repay at time of refinancing. This may enable a person to save extra money by lowering the cost of the loan payments.


Can you combine home auto and credit card debt into one loan?

Yes..that is called a "cash-out" refinance or consolidation loan. The Lender will base your loan amount on the current value of your home. Of course you will have to qualify for the new mortgage payment.


Is your ex husband responsible for a mortgage refinanced?

Responsibilty and ownership rights in the home is different from rights and responsibilities for the loan. Anyone who signed the loan note is responsible for the monetary debt.


Can you switch the cosigner to the primary?

Yes, you can switch the cosigner to the primary on a loan. The way to do this is to have the loan refinanced.


How soon can a car loan be refinanced?

As soon as you can find a lender willing to loan money on the collateral.


How can a cosigner be removed from the loan?

The only option is for the loan to be refinanced without the particpation of the present cosigner.


What is the meaning of mortgage refinance?

This type of loan allows homeowners to get a better interest rate by taking out another loan based on the amount of the current loan. This will also tack on a longer amount of time for the home to be paid off, but will give a better rate of interest.


Can you get off a loan you co signed for but you are not on the title?

Not unless it's refinanced.


How can you get home equity loan?

A home equity loan is a type of loan in which the borrower uses the equity in their home as collateral. Home equity loans are based on the amount of equity you have built up in your home. (Home equity is the difference between the current value of a home and the amount still owed on the mortgage. As the principal of the mortgage amount decreases as a result of monthly mortgage payments, the home equity increases) You can borrow your loan as a traditional home equity loan (second mortgage) or a home equity line of credit (HELOC), which functions in a similar manner as a credit card. These loans are sometimes useful to help finance major home repairs, medical bills or college education.


What all information do you need to feed in for calculating home loan using the home loan calculator?

A home loan calculator helps in finding out the loan amount that you can receive. You need to feed in the finance amount and tenor and the profit rate percentage.


when refinancing FHA loan, and you paid upfront mip on original loan, do you have to pay upfront mip again at settlement of refinanced loan?

not really depending on how you were making payments on time and if you have any late charges or etc.fees relating to the loan.nope you get the full amount


How do you get out of being a cosigner on a bike loan?

The loan must be paid off and refinanced in the sole name of the primary borrower. Otherwise you are fully responsible for paying the loan if the primary borrower defaults or wrecks the bike.The loan must be paid off and refinanced in the sole name of the primary borrower. Otherwise you are fully responsible for paying the loan if the primary borrower defaults or wrecks the bike.The loan must be paid off and refinanced in the sole name of the primary borrower. Otherwise you are fully responsible for paying the loan if the primary borrower defaults or wrecks the bike.The loan must be paid off and refinanced in the sole name of the primary borrower. Otherwise you are fully responsible for paying the loan if the primary borrower defaults or wrecks the bike.


In default 6000 on a home loan can it be foreclosed?

A home can be foreclosed on if the terms of the loan are violated. The amount does not matter.


What is the definition of a home equity loan?

A home equity loan is a loan that homeowners can get based on the equity that they have in their homes. This amount is based on the value of the house and how much they have left to pay on the home loan.


Can a co-signer be relieved of responsibility on a home loan after a period of time?

No. A cosigner promises that the will be obligated for the debt incurred if the primary borrower defaults. The only way to be removed is by having the loan refinanced.


What is uncollateralized loan?

a loan not backed by a co-signer who agrees to cover the amount of the loan a person loan without assets to cover the loan amount a home equity loan a loan tkaen on a life insurance policy


Up to how much of a person's home can be refinanced using Rock Financial's FHA Loan program?

Rock Financial's FHA loan program is most flexible loan program. One can refinance upto 97.75% of person's house value with low downpayment can be as low as 3.5% on home purchase.


What are Wells Fargos current home equity loan rates?

Wells Fargos's home equity loan rates fluctuate depending on the current interest rates. The home equity loan rate can change frequently in a short period of time. To find the most current home equity loan rates for Wells Fargo, it is best to contact the company directly or via their website.


How do home loan calculators work?

Home loan calculator is an initiative in the financial sector. You can easily calculate EMI with the help of home loan calculator. There is a formula involved in calculating the EMI, with the help of which you can get the EMI amount. But it is a tedious task, so to reduce the effort and time lenders have introduced this loan calculator. You need to put the principal amount of the loan, tenure and the rate of interest of the loan, to get the EMI amount. You can calculate your EMI amount before even applying for a loan. This will help you to get an idea of your loan repayment capability.


How can you remove your name in a car loan?

Generally, the loan must be paid off and refinanced by the co-borrower. The bank owns the loan and banks do not usually remove a name from the obligation. However, you should ask the lender.Generally, the loan must be paid off and refinanced by the co-borrower. The bank owns the loan and banks do not usually remove a name from the obligation. However, you should ask the lender.Generally, the loan must be paid off and refinanced by the co-borrower. The bank owns the loan and banks do not usually remove a name from the obligation. However, you should ask the lender.Generally, the loan must be paid off and refinanced by the co-borrower. The bank owns the loan and banks do not usually remove a name from the obligation. However, you should ask the lender.