Maybe. And maybe not.
Generally once your lender has identified your car for reposession, you must pay off the existing loan in full to keep your car. However, it doesn't hurt to try to negotiate with your lender for a better deal.
it depends on what your deal with the lender was
You can reduce your mortgage repayments by refinancing to a lower interest rate, extending the loan term, making extra payments, or negotiating with your lender for a better deal.
There are some steps which one is able to apply in order to remortgage. For example, getting paperwork together, finding out how much it will cost to move, being aware of the loan's restrictions, finding a new mortgage, working out what fees are invovled, ask the lender to match or better the chosen deal, applying for the new deal and waiting to hear from the new lender.
Just as you would with any other person that was not your spouse. Both of you will need to apply, and both of you will be liable for the payments. Assuming that you're applying for a mortgage on a house, the mortgage company will want to know if both (or either) of you will be occupying the house, or if you'll be using it as investment property. Any bank or financial company should be able to walk you both through the process. One suggestion. Go to a lender that has an actual office where you can talk to a live human being. I have yet to see an internet lender actually come across with a better deal than you could get using a local lender.
You can contact them and sometimes you can work out a deal with them. If not, you can allow them to repossess the car. Contact the lender and they will tell you where to take the car.
There are eight steps to get a mortgage remortgaged. First, get all of one's paperwork together. Second, find out the cost that it will take to move. Third, understand loan restrictions. Fourth, find the remortgage plan that is best. Fifth, calculate all of the fees. Sixth, ask a lender to match or better a chosen deal. Seventh, apply for the deal. Lastly, wait to hear from the lender.
You can't "beat" foreclosure. You can talk to the lender and try to work out some kind of repayment plan that will cause them to halt the foreclosure proceedings. You can also stall the process by filing for bankruptcy, but at the end of that you're still going to lose the house unless you've used the time to work out a deal with the lender.
You can go to the lender and work out a deal.
The main advantage to micro financing is better loan repayment rates but a disadvantage is that the deal is too small for a lender to devote enough time, money and diligence to it.
if you are considering buying a new car, don't forget that the auto loan is as important as the car, since this is what you will actually be paying for. It is generally a bad idea to accept a loan directly from the dealer. The dealer isn't actually the one providing the loan, it is coming from a secondary lender. This lender pays the dealer to use them as their lender, and charges you a higher interest rate. Convenience causes most people to accept this. Bank auto loans are a much better option. In reality, the lender provided by the dealership is generally a bank as well, but they are considered an indirect lender, rather than a direct lender. If you go directly to the bank for an auto loan, you will get a much better deal on your interest rate. You don't necessarily have to get bank auto loans by walking right into the bank, of course. There are several sites that you can visit which will provide you with a comparison of the bank auto loans to choose from. If you choose to check with the banks directly instead, be sure to call up or visit at least three banks in order to get an idea of what a fair deal is.
For any lender, a BETTER deal can be provided if: * One has a sparklingly clean credit record and high credit score * There are multiple borrowers who ALL have excellent credit ratings * One deposits a high down payment (equal to over 25% of the price) * For autos, one leverages manufacturer financing