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In order to qualify to refinance a home loan, the homeowner must not be in default. The homeowner must make a certain amount of income in a year and their monthly expenses cannot be more than 31 percent of their income.

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12y ago

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What are some benefits of an FHA home loan refinancing?

There are several benefits of an FHA home loan refinancing. An FHA home loan is one of the easiest to qualify for. If for some reason you decide to sell your home, the buyer of your home can then take on your loan, leaving you with less money to pay in the end. This is called being assumable. Even if you have filed bankruptcy or have gone through a bankruptcy, you can still qualify for most FHA home loans.


i have a modular home inapark which is paid off. to apply for a loan on this home is it refinancing or a home loan?

It is refinancing not a home loan. For more information on refinancing go to web site www.ditech.com


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.


Are you considering refinancing your mortgage?

Are you thinking about refinancing your home loan?


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.


Are you considering refinancing your house mortgage?

Are you thinking about refinancing your home loan?


Where can find equity home loan mortgage refinancing in Houston?

One can find equity home loan mortgage refinancing in Houston at the following places: Loan Star Financing, TexasLending and even at Houston Home Loan.


How would one qualify for a home loan from Calpers?

Research has shown that one can no longer qualify for a home loan from CalPERS. In December of 2010 the CalPERS Member Home Loan program was suspended.


What are the benefits of refinancing my home loan?

Refinancing a home loan can lower your monthly payments, reduce your interest rate, shorten the loan term, and help you save money in the long run.


What is the loan to value ratio for refinancing my home?

The loan-to-value ratio for refinancing your home is the amount of the new loan compared to the appraised value of your home. It helps lenders determine the risk of the loan and may affect your interest rate and approval.


What does refinancing actually mean?

Refinancing your home loan is where you take out a new home loan to pay off your existing one. You can either refinance by taking out a loan with a new bank or you can refinance to a new loan from your existing lender.


What type of refinancing would you do if you already have a home equity loan?

if you have already refied your home you can't do it again. make sure the first loan is paid off and then do it again.