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How can you refinance your home for a lower interest rate while in a chapter 13 bankruptcy if you do not want to pay off the bankruptcy and do not want to 'cash out'?
Wiki User
∙ 17y ago
While participating in a chapter 13 the petitioner cannot refinance, sell, transfer or otherwise real property without receiving permission from the bankruptcy court/trustee to take the action. Therefore the issues cited are not relevant until/unless permission is granted.
Wiki User
∙ 17y ago
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Can a bankruptcy judge make a creditor lower the interest rate?
In cases of bankruptcy, it is quite common for interest rates to be renegotiated.
Why might one want to refinance a mortgage at a lower rate?
There are many reasons why someone would want to refinance a mortgage at a lower rate. The main reason to refinance at a lower rate is to pay less interest over a long period of time.
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.
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.
What will Quicken Refinance help a consumer do?
Quicken Refinance will help consumers find the lowest interest rate available, help you consolidate your debt, and lower your monthly mortgage payments.
How to refinance my car and lower the interest?
To refinance a car you will have to go to a bank and apply for a new loan or find a bank online with a lower interest rate. You will likely have to put money down to get the loan though.
Can a bankruptcy judge make a creditor lower the interest rate?
In cases of bankruptcy, it is quite common for interest rates to be renegotiated.
Why might one want to refinance a mortgage at a lower rate?
There are many reasons why someone would want to refinance a mortgage at a lower rate. The main reason to refinance at a lower rate is to pay less interest over a long period of time.
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.
Where can I find out information about auto refinancing?
When you refinance something, you are signing a new loan contract for a lower interest rate and potentially lower monthly payments. You can do this through your current lienholder or through any financial institution. Many people refinance their vehicles in order to have a lower monthly payment, but now is also a good time to refinance because interest rates are low.
What is the purpose of a car refinance?
There can be several purposes to a car refinance. The most common reason to refinance is to get a better (lower) interest rate. Another reason may be to remove from or add someone to the lease.
When You Should Use A Refinance Calculator?
Many consumers struggle with knowing the best time for them to refinance their loans. Using a refinance calculator about every six months can help you decide if refinancing is in your best interest. It is a good idea to refinance a mortgage or auto loan if the interest rate you will be charged is significantly lower than your current rate. Refinancing helps to lower your monthly payment, but people are often charged fees when they refinance, so it should not be done unless the payment will be significantly lower after any fees are paid.
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.
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.
Where is the cheapest place in Florida to refinance your home?
The cheapest place to refinance your home in Florida will vary depending your credit score and they interest rates offered. Credit Unions often offer lower interest compared to traditional banks.
What will Quicken Refinance help a consumer do?
Quicken Refinance will help consumers find the lowest interest rate available, help you consolidate your debt, and lower your monthly mortgage payments.
Can you refinance 2 years after Chapter 7 bankruptcy?
Absolutely! 2yrs after you discharge a chapter 7 BK, you are eligible to refinance with many "sub-prime" lenders, who lend money to people in your particular situation. The best thing for you to do is contact a mortgage broker, like myself, who can research what program would fit your financial situation the best. If your goal is lower payments and greater flexibility, the sooner you act, the closer you are to building your credit history back to where you would like it to be.
