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No. Banks may ask but most lenders do not require a downpayment.
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∙ 11y ago
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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.
Where can one obtain a bad credit home loan with no down payment?
It is not possible for someone with bad credit to obtain a home loan with no down payment. They would need to have a 5% minimum down payment and collateral.
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.
What is required to successfully apply for a government refinance loan?
A government refinance loan for your home is something that will require some prep work. You will need your currents statements, your credit score, and the terms that you wish to refinance.
What type of credit score does someone need to get a no down payment home loan?
If a person wishes to get a no down payment home loan he or she needs an acceptable credit score so that the loaner is convinced that the person has adequate income to repay the loan. Usually 620 or higher is expected.
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.
Where can one obtain a bad credit home loan with no down payment?
It is not possible for someone with bad credit to obtain a home loan with no down payment. They would need to have a 5% minimum down payment and collateral.
Do you need an appraisal for a fifty-percent loan to value ratio refinance?
No, you do not need to have a fifty-percent loan to value ratio to refinance. There are many many loan programs that will allow you other ratios and consider an overall financial picture of the situation so that you can refinance.
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.
If a bank has approved the loan do you have to pay a down payment?
that all depends on the loan, the terms of the loan. you need ask the bank not someone on here.
Can you refinance a car if you don't know the original cosigner's location?
In order to refinance your car loan you need to have good enough credit to refinance in your own name and pay off the prior loan. If you pay off the prior loan you don't need to know the co-signer's whereabouts.
What is required to successfully apply for a government refinance loan?
A government refinance loan for your home is something that will require some prep work. You will need your currents statements, your credit score, and the terms that you wish to refinance.
Where do I apply for a home loan modification refinance?
You need to contact your current mortgage lender to apply for this type of refinance. Since it is only a modification of a current loan, they will need to be the ones you go through.
How do you refinance a vehicle loan?
To refinance a you need to first choose the bank that you want to refinance the loan with. Various banks have different rates that will affect your monthly payments. The most that you will have to do is fill out a few forms and the bank will do the rest.
What type of credit score does someone need to get a no down payment home loan?
If a person wishes to get a no down payment home loan he or she needs an acceptable credit score so that the loaner is convinced that the person has adequate income to repay the loan. Usually 620 or higher is expected.
Using a Mortgage Calculator to Determine Your Down Payment?
If you are in the market for a new home, or your are considering a refinance loan , you are probably wondering exactly how much cash you will need to have on hand for your down payment. There will be different requirements for every loan, but you can always estimate what you need before you start talking to lenders about specific loan programs. Most of the time, you will need to pay 20% of the purchase price of your home as a down payment at the time of the loan closing. The reason that this percentage is the most common is that there are mortgage laws, requiring lenders to finance no more than 80% of the appraised value of a home. In the past, there have been problems with lenders granting higher percentages. The new mortgage laws also require appraisals for specific loan programs, in order to ensure that the price of the home is in line with its true value. Again, there are exceptions but this is the most common situation. In the case of a 20% down payment, you will need about $20,000 per $100,000 financed. Your lender may require a greater down payment or may be willing to reduce your down payment depending on the specific loan program. Government insured loans through FHA or the VA will have to adhere to the down payment requirements. You can use a lender's mortgage calculator to plug in multiple variables in order to estimate your required down payment. If you are have excellent credit, some calculators will take this into consideration and give you the possibility of a low or even no down payment. There are no down payment loans, however they will most likely have a significantly higher interest rate as a result of the lender's risk. Visit the websites of several different lenders in order to use their calculators to estimate your down payment. Every lender has different loan programs for new buyers and you can use these online tools to estimate the best down payment for you.
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
