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Anything is possible, but it would be unlikely that a creditor would reconsider it if there were no certainties in repayment. It's always best to try, by communicating with the lender, as all they can do is say no (or call the note due!)
Wiki User
∙ 13y ago
Wiki User
∙ 11y agoNo, but lenders should consider individual cases. For example if you wanted to move house as it needs modernising, like me and you have more than 80% equity in your current property. You would naturally think if moving is viable, whatever your circumstances are.You are in a better position than a couple who are working all hours to pay the HIGH mortgage payments.You are a less risk to the lender. Also jobs are never secure these days and if you have a family like me you would almost 90% get state benefits, which are more secure than any employer, who can hand you your P45 anytime.But I know lenders will not lend because they would find it extremely difficult to repossess from the Unemployed or the disabled for that matter. They are there to make money and the Unemployed are no interest to them as they are scared of legislation, even if an Unemployed or disabled person has a mansion without a mortgage outstanding!!!! They will not lend. Its their loss!!! Anyway who wants a mortgage anyway!!!
Wiki User
∙ 15y agoNo, not currently. You will have to be employed to qualify for a refinance.
Wiki User
∙ 13y agoyes
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What are the refinance costs involved in closing a mortgage?
The refinance costs involved in closing a mortgage all depends on the financial institution that holds the mortgage. Most will not have an additional cost, while others may charge.
What is a mortgage refinance loan for?
A mortgage refinance loan is exactly what the term implies. A homeowner can refinance a mortgage on their home in order to get a lower interest rate on their remaining balance on their mortgage debt.
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.
Can you refinance while mortgage in on the market?
No you cannot.! my experience was that we had to take the house off the market before we could get an appraisal and a new refinance of our mortgage. also just fyi one party cannot get a mortgage on a second property either at that time. such as during a divorce. not until refinance is complete. this was nebraska.
What are the benefits of a va refinance option?
"There are many VA refinance options. You may refinance your VA mortgage for a lower rate, you may cash out, or you may refinance your current mortgage to a VA mortgage if you qualify for one."
When should one refinance their mortgage?
One could refinance their mortgage when the interest rate decreases. However, one must also think the amount they have to pay to refinance their mortgage.
How can you remove the cosigner from a mortgage?
You must pay off the mortgage and refinance the loan in a single name.You must pay off the mortgage and refinance the loan in a single name.You must pay off the mortgage and refinance the loan in a single name.You must pay off the mortgage and refinance the loan in a single name.
How can you refinance your home for a mortgage?
In order to refinance your home, you should look for a reputable mortgage broker. Work with the broker to find a good plan to refinance you home by looking at you current 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.
What companies offer a no fee mortgage refinance?
There are many companies that claim to offer a no fee mortgage refinance. Such services are never free, it always costs something to refinance one's mortgage.
Where can one learn how to refinance own mortgage online?
There are many places online where a person can learn how to refinance their own mortgage. Websites such as, quickenloans, homeloans, and mortgage-calc all have info on how someone can refinance their own mortgage.
What are the lowest refinance mortgage rates?
The lowest mortgage refinance rates are currently around 2 percent.
