0
Can you refinance your home even if you are behind on payments?
Wiki User
∙ 16y ago
You will make up the payments in the refinancing deal--check with your current mortgage company. Hopefully, you have some equity that will cover this and the cost of refinancing.
Wiki User
∙ 16y ago
Add your answer:
Earn +20 pts
What are some lenders that offer home loans?
I heard Ditech offers low mortgage rates on purchase or refinance home loans, your payments won't change after you refinance or buy a home, no matter how much rates fluctuate.
How does one qualify for a mortgage refinance loan through the Bank of America?
To qualify for a mortgage refinance loan through the Bank of America you must have at least 5% equity in your home. You must also be current on your home loan payments.
What bankruptcy can you file to keep your home if you are behind in payments?
If you are behind in your payments and you declare bankruptcy usually you can remain in your home and continue payments. However the lender will most likely begin foreclosure since you can't afford it and you are at higher risk.
Can a lender foreclose on a property even if the mortgage payments have been kept current?
No but if a home owner is behind on payments and needs a loan mod or short sale approval, proof is available at RestReport.com
How do people refinance there home loans?
My parents have had to refinance due to the monthly payments being unreasonable for the income. Refinancing is done through the bank. They come out and evaluate how much the house is worth and suggest options on payment.
What can you use a a refinance calculator for?
A mortgage calculator can be used to find out if it is worth it to refinance your monthly payments, if it will lower your payments and if you would save on interest and fees. By entering your data you can decide if it is worth it to refinance your home mortgage.
Where can one get help with their mortgage payment?
You might be able to refinance your home. This means lower mortgage payments every month. There are some programs like Home Affordable Refinance Program (HARP) that can help you refinance if you can't due to a low value of your home.
What are some lenders that offer home loans?
I heard Ditech offers low mortgage rates on purchase or refinance home loans, your payments won't change after you refinance or buy a home, no matter how much rates fluctuate.
Could you lose your home if you are behind on payments and your car rolls down hill into it?
Of course YOU WILL LOOSE YOUR HOUSE IF YOUR BEHIND ON PAYMENTS.
Can you refinance the home you own to pay down on a new construction?
Yes if you have the equity, but of course, effects payments & the amt you owe.
How does one qualify for a mortgage refinance loan through the Bank of America?
To qualify for a mortgage refinance loan through the Bank of America you must have at least 5% equity in your home. You must also be current on your home loan payments.
What bankruptcy can you file to keep your home if you are behind in payments?
If you are behind in your payments and you declare bankruptcy usually you can remain in your home and continue payments. However the lender will most likely begin foreclosure since you can't afford it and you are at higher risk.
Can a lender foreclose on a property even if the mortgage payments have been kept current?
No but if a home owner is behind on payments and needs a loan mod or short sale approval, proof is available at RestReport.com
How do people refinance there home loans?
My parents have had to refinance due to the monthly payments being unreasonable for the income. Refinancing is done through the bank. They come out and evaluate how much the house is worth and suggest options on payment.
Let a Home Refinance Calculator Show Your Possible Payments?
A home refinance calculator can show you your possible future payments after refinancing your home mortgage. By spreading out the amount you owe over a longer period of time, or obtaining a lower interest rate, you can often reduce your monthly payments. This extra money can be used to help plan for retirement, supplement your investments, or pay for your children's schooling. Because there are costs involved with refinancing your home mortgage, the calculator can also help you determine whether or not refinancing will benefit your particular home loan.
Is a home equity loan considered a refinance?
No. It is home equity line of credit that is secured by your home. You use it to buy things and if you buy too much and can't make the payments the bank can foreclose and take your home.
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.
