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Can you refinance a first mortgage without paying off an existing home equity line of credit?
Wiki User
∙ 12y ago
Typically you can refinance the a Primary Mortgage without refinancing the second line of credit or equity loan. It will require a subordinaion agreement by the lien holder of the line of credit. They will require several documents from new Primary Mortgage Holder to be. They will need things like a copy of the appraisal, application for the loan etc... They will most likely require a payment to process the agreement usually around 100-200 dollars. The subordination agreement usually takes about 2 weeks to complete with most lenders. Loan to Value will be a concern for this.
Wiki User
∙ 12y ago
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Where is it possible to refinance a home mortgage if someone has bad credit?
There are many places a person can go to refinance a home mortgage if they have bad credit. Bad Credit OK and Quicken Loans are two websites a person can use to help refinance their home mortgage.
How can you refinance your home mortgage?
To refinance your home mortgage, you can go to a bank or credit union with the proper paperwork from your original mortgage and ask for refinance. There's usually fees involved, but if you need to, you can.
How can one refinance their mortgage?
One can refinance their mortgage through their local banks or credit unions. One can also refinance their mortgage through the help of websites, run by companies such as Lending Tree and Quicken Loans.
What are some names of mortgage refinance companies?
Mortgage refinance companies include Freddie Mac, Pacific Credit Union, Federal Credit Union, Affinity Credit Union, Amegy Bank and Hartwick State Bank.
How can I refinance a mortgage with a bad credit?
One can refinance a mortgage with a bad credit by thinking in advance. You can do this by working at improving your situation, and then when it is time to refinance you can show that you have made an honest effort to improve it. You can find more ways to do this at a website called RefinanceMortgageSite.
What is reverse mortgage refinance?
It is where you have a Mortgage and you have improved your credit you can refinance to lower you monthly bill.
Is a mortgage discharged when renewing mortgage?
If you refinance your mortgage, the attorney representing the bank will use the proceeds of the new mortgage to pay off the existing mortgage and a discharge of that mortgage should be recorded in the land records. You must make certain you ask that question at the closing before you sign anything.
Can I refinance my mortgage rate?
Currently mortagage rates are running less than 5%. If you have a good credit rating you should be able to apply for a refinance of your existing loan and get a lower rate.
Where is it possible to refinance a home mortgage if someone has bad credit?
There are many places a person can go to refinance a home mortgage if they have bad credit. Bad Credit OK and Quicken Loans are two websites a person can use to help refinance their home mortgage.
How can you refinance your home mortgage?
To refinance your home mortgage, you can go to a bank or credit union with the proper paperwork from your original mortgage and ask for refinance. There's usually fees involved, but if you need to, you can.
How can one refinance their mortgage?
One can refinance their mortgage through their local banks or credit unions. One can also refinance their mortgage through the help of websites, run by companies such as Lending Tree and Quicken Loans.
What are some names of mortgage refinance companies?
Mortgage refinance companies include Freddie Mac, Pacific Credit Union, Federal Credit Union, Affinity Credit Union, Amegy Bank and Hartwick State Bank.
How can I refinance a mortgage with a bad credit?
One can refinance a mortgage with a bad credit by thinking in advance. You can do this by working at improving your situation, and then when it is time to refinance you can show that you have made an honest effort to improve it. You can find more ways to do this at a website called RefinanceMortgageSite.
How can one refinance his mortgage?
A person who wants to refinance their home needs to find a mortgage company to do so. The person will need to discuss options of their home, credit and bank information pertaining to the refinance.
Is it possible to refinance an ARM with a mortgage company given the credit crisis?
It is possible to refinance an ARM. The options available vary by customer and their history with the mortgage company.
What is the best Mortgage refinance Interest rate in the UK?
Calculating the best mortgage refinance interest rate depends on several factors, such as length of mortgage and credit history. However, mortgage rates in the United Kingdom are low.
Where can one go online to refinance a mortgage with poor credit?
There are many different websites one could visit if they're looking to refinance a mortgage with poor credit. Examples of these websites include Mortgage Loan, Nationwide, and Freedom Mortgage.
