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How can i make someone refinance a loan to take me off as a co-borrower?
Wiki User
∙ 15y ago
You cannot "make" anybody else do anything they do not wish to do. About all you can do is "suggest" that they refinance ... until then, you are just as liable for the debt, and there is little that can be done without taking the other person to court.
Wiki User
∙ 15y ago
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Why might one refinance a home loan or mortgage loan?
Someone might refinance a home or mortgage loan to take money off of the equity they have in the house in order to make improvements that will increase the value of the home. Another reason could be another investment that would make taking money out on the equity in the home worth it.
How can you make someone refinance a loan to take you off as a co borrower?
Generally, you can't make a co borrower refinance. That must be voluntary. You are responsible for the loan until it is paid off.If there is a divorce the parties can negotiate concerning a mutual loan and the divorce decree can contain a provision that the loan be refinanced.Generally, you can't make a co borrower refinance. That must be voluntary. You are responsible for the loan until it is paid off.If there is a divorce the parties can negotiate concerning a mutual loan and the divorce decree can contain a provision that the loan be refinanced.Generally, you can't make a co borrower refinance. That must be voluntary. You are responsible for the loan until it is paid off.If there is a divorce the parties can negotiate concerning a mutual loan and the divorce decree can contain a provision that the loan be refinanced.Generally, you can't make a co borrower refinance. That must be voluntary. You are responsible for the loan until it is paid off.If there is a divorce the parties can negotiate concerning a mutual loan and the divorce decree can contain a provision that the loan be refinanced.
Can you refinance an auto loan before a year?
yes - you can refinance an auto loan at any time. You will want to make sure you current bank does not charge a prepayment penalty though.
What is required when one wants to refinance their home mortgage loan?
To refinance one's home mortgage loan, one needs to make sure their loan is not in default. Loaners will also need to meet specific financial thresholds.
How can a loan refinance calculator help me refinance my loans?
The Refinance Calculator helps you determine whether a refinance makes sense for you. It will also explain why and give you the necessary motivate to help you make the right conclusion.
Is it a good idea to get an auto refinance loan if I have less than fifteen months left on my loan?
With less than 15 months remaining on your loan it might not make sense to refinance your loan. The best thing you can do is to run the numbers and see what rate you come up with.
What are the ways of obtaining refinance loans?
You can obtain a refinance loan through a local bank in your area or from a bank online. Refinance loans can allow you to make changes to your property, which can significantly increase the value.
How soon can you refinance a home loan?
If you have equity in your home you can refinance at anytime.... Make sure your current home loan does not have a prepayment penalty. Next you would need to consult a mortgage lender: http://www.fixed-mortgagerate.com/mortgage_loan
Why do people refinance their home instead of paying it all off?
You may refinance your loan to get a lower interest rate. Another reason you may want to refinance is to get some equity out of the home in order to upgrade or make repairs.
Can you refinance your home loan more than once?
Mortgage refinancing can be done more then once. When looking to refinance your home loan make sure the closing costs don't offset the possible saving of the lower interest rate offered.
Want To Refinance?
When a person refinances their home loan they should thoroughly understand the pros and cons of the process. If a home refinance is done correctly it can help a person save a lot of money. Follow these tips to get the best refinance available: -First a person should determine if refinancing their home loan is going to be beneficial. Using refinance loan calculators is a wonderful way at beginning to see if refinancing is a smart option. -Learning how to choose a good mortgage broker is of course an important element of receiving a successful refinance loan. The best brokers tend to follow certain practices that make it easy for a person to determine if they are worth beginning the finance process with. -Understanding the differences between mortgage refinance loans is a must when opting between refinance loans. Each different refinance loan has different purposes in mind, so it is best for a person to identify what their needs are for receiving a refinanced home loan.
How do you refinance a loan?
There are multiple ways to refinance a loan. Most of the time a person would call their institution and make the request. This might come with a fee. Another way is to seek out a different institution with a better rate and term. Do your homework before approaching institutions.
