How soon can a car loan be refinanced?

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As soon as you can find a lender willing to loan money on the collateral.
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Can a car loan be refinanced even if the car was totaled to get lower interest?

Unlikely. Most lenders will not loan against a "salvage" or "rebuilt" vehicle. The only time I've seen this done is when the loan is less than 50% of the "salvage" value of the car. For example, if the car in normal condition was worth $20,000, the salvage value would be about $10,000. A lender may ( Full Answer )

What is home equity loan refinancing?

Home equity loan refinancing means paying off an existing mortgage with the proceeds from a new loan, using the same property as collateral. It is a second mortgage. It is important to note that you may be subject to the same costs you paid to get your original mortgage, including settlement cost ( Full Answer )

Can a soon-to-be-16-year-old get a car loan if he does not have a job?

Answer . \nNo! You would have to have your parents cosign for you. Having a fairly good paying job, owning a boat, condo, house, property is classified as "collateral" and the loan is put against that. The reason for this is if you choose not to make your car payments or can't make your car pa ( Full Answer )

How soon can you refinance a car loan?

Answer . \nIf you've got a good credit rating you can do it in a day. The best thing to do is figure out your budget, then go to your banking institution to talk over the conditions of the loan (try several banking institutions for good interest rates) and then look for your car. Stick to your ( Full Answer )

Is student loan consolidation the same as refinancing student loans?

YES! It is the same, i say this because the appeal of doing eitherone of those are going to be the same "paying your student loan." Refinancing student loans will take advantage of a better interestrate and consolidating your loans 'lumps' all of them into one.Instead of having several loans with d ( Full Answer )

How soon can a mortgage be refinanced?

You can refinance your mortgage anytime you want to. There is no minimum time before you can refinance. That being said, you do need to be aware of any "prepayment penalties" or clauses. Some loans ( especially sub prime ) will have a prepayment penalty. If you refinance your existing loan before ( Full Answer )

What rules or laws of refinancing an auto loan?

Answer . There are none that require a lender to refinance for you. Refinancing is easy enough, just go to your local bank, if your credit is good and you are not upside down, I am sure they will try to help.

How does Refinancing loan work?

One of the increasingly popular methods of finding auto loans is through the Online Auto Financing, due to many companies now moving into the industry. With many young people looking for car loans the market is huge and now many companies are starting to offer loans for people with good or bad credi ( Full Answer )

How soon after defaulting on a car loan can a creditor repossess your vehicle?

Initially the lender will send out a default notice requesting immediate repayment. There is usually a time frame of 14 days to make this repayment. If payments are not made, the lender can immediately apply to the courts for a repossession order and in theory they can take the car straight away. ( Full Answer )

How do you get a car refinanced?

Here are the steps you will typically take torefinance a car . Start researching where you may beable get the best auto refinance loan. . Once you choose a lender, you'll needto provide your financial information to qualify for the loan. This informationmay include your income, assets, debt load ( Full Answer )

What is refinancing an existing loan?

Obtaining a new loan to pay off an old loan using the funds from the new loan. Any time you take old money owed and pay it off with new money owed you have refinanced.

Where can you get refinanced auto loans?

You can look over the internet, look for advertisements on tv, advertisements on the computer, or look in a phone book. You can also ask a friend about it.

What are the steps to refinancing a home loan?

In order to refinance your home you need to know the worth of your house compared to how much you owe. You also need to call and talk to your bank or mortgage lender to see if it would be beneficial for you to refinance or if there are other options available to you.

Do dealerships handle auto refinancing loans?

Some dealerships do offer auto refinancing loans. It would be to your best interest to contact several different lenders about auto refinancing before settling on your dealership.

What is the difference between refinancing and loan modification?

Refinancing is the process of taking out a new loan in order to pay off one or several existing loans and debts. Loan modification is a change to a single loan, often to make repayments more affordable. Depending on the details of a loan modification it may be treated as a continuation of the ori ( Full Answer )

Is there an age requirement when refinancing an auto loan?

As far as I know, there is no age requirement for the individual, but there are age limits for the vehicle. The vehicle, in most cases can be no older than 5 years, or have less than 85,000 miles. Some lenders may give you a hard time if the book value of the vehicle is less than the value of the lo ( Full Answer )

What companies offer auto loan refinancing?

There are several companies that offer Auto Loan Refinancing. Some online companies include my auto loan and credit provider, however you can also go to your bank or another bank like Citibank and Wells Fargo bank to get a refinancing loan.

How does auto loan refinancing work?

You get a loan from a bank to pay off the current loan on your vehicle. You would do this to lower your interest rate. Make sure to consider the closing costs when refinancing.

Is a home equity loan better then refinancing?

A home equity loan like a second mortgage usually has a higher interest rate than a primary mortgage because it stands second in line in case of a foreclosure and doesn't get paid unless there's money left over after the primary mortgage is paid off. The origination fees are usually much lower than ( Full Answer )

Where can you find information on student loan refinancing?

To find information on student financing, one can visit a government website which should contain a section on refinancing. You can also talk to your own lending institute who can show you the types of repayment or options are available to you.

How does one go about acquiring a refinancing loan?

If a person wants to refinance a loan, it is important to know which type of loan is going to be refinanced. For instance auto loans and mortgages may be refinanced. Usually, the individual needs to speak with the lending company about the possibility of refinance. Additionally, the website calle ( Full Answer )

What are the mortgage refinancing loans?

Mortgage refinancing loans are a way to save money usually by lowering your monthly payment or by lowering your interest rate. They also allow you to pay off your Mortgage if you're switching from a 30-year loan down to a 15-year loan.

Where can one get loan refinancing services in Vancouver?

Evergreen Home Loans, in Vancouver, Washington offers home loans, mortgages, debt consolidation, and refinancing services. You may visit their website online, or you can visit them in person at 204 SE Park Plaza Dr Suite 105.

How can refinancing a loan change your closing cost?

There are many different types of loans ranging between different payback periods; although each loan is different when it comes to refinancing and the closing cost afterwards, the average change in that closing cost is said to be roughly 6% of the original cost of the loan.

What is the process of refinancing a loan mortgage?

The process of refinancing a loan is a long one it takes many different steps and offer differs from company to company. It should always start with the borrower completing a loan application, from there on it will be a complex process of signing documents and working out the loan terms.

Who should a person speak to about refinancing a car loan?

In order to refinance a car loan, a person would need to speak with anyone who shares the car title. If everyone on the car title is in agreement, then the original lender needs to be contacted. Original lenders may include a bank.

Does refinancing your mortgage loan help at all?

Whether one should refinance their mortgage depends on their situation. If one can transfer to a new loan which offers say 2% or more reduction in interest payments than the move to a new loan might be a wise decision. If however the new loan has variable rate of interest, or the different is soo sl ( Full Answer )

Where can one find car loan refinancing in Houston?

Nationwide Auto Lending, Texas Auto Loan, and Car Loans of Houston provide car loan financing. There are also car dealers that partner with local creditors, banks, and lenders to help consumers finance vehicles.

How does one qualify for a FHA Refinancing Loan?

One can qualify for a FHA Refinancing Loan depending on the loan one requires. This will depend on whether one has an existing mortgage and if it is in good standing order, if one has any credit issues and that one is currently employed.

What are some of the risks and benefits to refinancing one's car loan?

One should weigh out the risks and benefits of refinancing a car loan before making a decision. Some of the benefits of refinancing could include better interest rates, lower payments, and an improved credit score. Some of the risks may include extending the length of the car loan and incurring pena ( Full Answer )

What are the cheapest refinancing home loan rates?

The rates for home loans will vary from day to day and bank to bank, and are also dependent on, among other factors, credit rating, amount and term of the loan, points and fees, and the specific refinance loan product one is interested in. These factors make it impossible for anyone who is not famil ( Full Answer )

What are the best ways for refinancing a home loan?

In order to learn how to best refinance a home loan, one can research websites which specialize in mortgages. Many times these types of sites are banks, such as Chase; other times they are sites specific to financial planning as it relates to real estate.

How can one go about refinancing a vehicle loan?

Firstly, one would need to take stock of their current loan status. Second, a perusal of the available loans within the local area would be beneficial to help determine what options one might take. Thirdly, application for the chosen loan can take varying periods of time depending on the financial i ( Full Answer )

Where can one get a refinancing student loan?

There are three ways one can get a refinancing student loan. These places include a student's current lender, a local bank, and the U.S. Department of Education's Direct Loan Program.

Where can one learn more about refinancing a car loan?

One is able to learn more about refinancing a car loan at several different online locations such as the following websites: Auto Trader, Federal Auto Loan, Capital Auto Loans, and Lending Tree.

Where can one apply for auto refinancing loan?

One can apply for an auto refinancing loan at a bank or financial lending institution. One can also apply for auto refinancing loans at most car dealerships.

Where can home loan refinancing be obtained?

Home loan refinancing can be obtained online or at local banks. Online, websites like LendingTree allow one to obtain home loan refinancing. Banks like Chase and Bank of America are places where one can also obtain home loan refinancing.

Where can someone get car refinancing loans?

There are many places where one could be able to obtain car refinancing loans. One could check online shops such as Capital One or Cars for information regarding these loans.

What information is available about refinancing a loan?

Information about refinancing a loan can be found on consumer finance websites such as MoneySavingExpert and MoneySupermarket. Information can also be found in the personal finance section of newspapers such as the Daily Telegraph and the Guardian.

Where can you find commercial loan refinancing?

One place to find commercial loan refinancing is through Wells Fargo. Wells Fargo offers banking and financial services around the world to various people and companies.