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Can you refinance if you paid off your second loan for a lesser amount?
Wiki User
∙ 13y ago
It will depend on several things. If the lien holder is showing that they are satisfied you may have this option. If the lien holder still has a lien on the property to satisfy the shortage, you will need to ask them to subordinate. The final complication may be your credit score. If this was recent, then your fico score may have dropped a lot and you may not be able to find a lender to refinance your first mortgage.
Wiki User
∙ 13y ago
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What are the reasons a person might seek out a 2nd mortgage refinance loan?
A person might seek out a second mortgage refinance loan if they are struggling with debt or monetary issues. It also lowers the amount of your monthly mortgage payment.
What is a decent amount to pay for a refinance fee?
When you refinance, you pay off your existing mortgage and make a new one. You might even choose to combine a primary mortgage & a second mortgage into a new loan.
What qualifications do you need to either (a) originate a student loan (loan the money out), and (b) help someone refinance the loan?
IF THE PERSON WHO CAN PROVIDED SOME SURETIES AND WHO PROVIDES THE DEGREE CERTIFICATES THEY CAN REFINANCE THERE AMOUNT FOR HIGHER STUDIES TO MY KNOWLEDGE
Who does one talk to to refinance a loan?
If you want to refinance a loan, discuss it over with the company/people who you had a loan with in the beginning. Whoever you financed a loan with first, refinance with them again.
What is the maximum amount of an FHA loan?
Fha county limits determine the max amount allowed. On puchases you can only lend up to 96.5% of the appraised value or the sales price which ever is lesser. On refi's depends on what type of refinance it is.. Cashouts up 85% .
If you have a second loan on your mortgage can you refinance on just the primary loan?
Normally you can. You will have to get the Lender on the Second Mortgage to "SUBORDINATE" the loan for you. They may charge a small fee to do so. Your Title company can help you.
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.
How do you get ex boyfriends name off joint auto loan?
You need to pay that loan off and refinance if necessary.You need to pay that loan off and refinance if necessary.You need to pay that loan off and refinance if necessary.You need to pay that loan off and refinance if necessary.
How does one apply for student loan refinance?
It is not possible to apply for a student loan refinance as for federal loans, which is usually what a student applies for, there are only two methods to pay off the loan, one pays as they earn the amount, or you pay through your income.
Where can one get a loan for a first and second refinance mortgage?
One can get a loan for a 1st and 2nd refinance mortgage from several places. These places include Bank Rate, Wells Fargo, Lending Tree, and Bank of America.
Can you refinance your home loan even if its got a judgment?
The judgment must be paid from the proceeds of the refinance. That amount will be deducted from the funds paid over to you.The judgment must be paid from the proceeds of the refinance. That amount will be deducted from the funds paid over to you.The judgment must be paid from the proceeds of the refinance. That amount will be deducted from the funds paid over to you.The judgment must be paid from the proceeds of the refinance. That amount will be deducted from the funds paid over to you.
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.
