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If your mortgage has a two year clause does this mean you have to wait until then to refinance?
If I understand your situation, you mean your mortgage has a two year clause in the sense that it can't be discharged or "forgiven" in that time frame?
If I were you, I would call a customer service representative with the bank that's holding this mortgage and ask them. It's hard to answer this question without looking at the particulars of your mortgage.
Good luck.
What else can I help you with?
Does a cosigner on a mortgage mean that person is an owner of the property?
Yes it does, Only after you refinance the property may you take the cosigners name of the mortgage loan.
If you have a lien placed on your house does this mean you can't refinance your mortgage OR buy a new home until that lien is removed?
The lien doesn't usually affect after-acquired property unless it's an income tax lien. You cannot mortgage, refinance or sell the property against which the lien was recorded. That is exactly the purpose of recording a lien in the land records.
What does it mean to refinance a mortgage or loan?
To refinance a mortgage or loan means to replace an existing loan with another loan. The new loan usually has better terms, such as a lower interest rate. The new loan is used to pay off the old loan, and one makes payments under the new terms.
How do you refinance mortgage w/ bad credit now after finances change do to lost of job 2 years ago. found knew job about 3 month after but pays less.Asked about modification w/mortgage company said they don't participate. ?
Just because your mortgage company say they don't refinance does not mean you should stop. Make a list of the places that do participate and apply there to see if you can get the help you need.
What does it mean to refinance in California?
California refinancing is mortgage rates that are only in California. You can contact banks and financial institutions there for their rates on refinancing your mortgage for your home or business.
Save Money with a Home Refinance?
Refinancing your mortgage can mean a lower rate and a substantial savings in your mortgage payment. How do you go about refinancing your mortgage? Calculate Payments- Make sure that a refinance would actually save you money, and be sure to factor in any associated fees. Read the fine print to understand how fees are calculated and applied during the refinance process. See If You Qualify- Those great, low, quoted rates don't apply to everyone, so make sure you qualify for a lower rate. Find a Lender- This can be your current lender, or a completely new one.
How to get mortgage with an adverse credit?
Think of the bad credit mortgage as temporary solution. Make it short term. This does not mean get a short-term loan, but plan on paying the loan no longer than 2 years before you build up your credit enough to get a decent refinance.
How can one refinance a mortgage with no closing costs?
Five-Star-Mortgage dot com in Henderson, NV. carries free closing costs mortgages for the following: Reverse mortgage Conventional mortgage VA loan FHA loans And are currently licensed in NV, CA, WA, OR, UT, AZ, HI, and FL to process mortgage loans. Hope this can help those looking to save a lot of money
How could mortgage refinance debt consolidation be important to me?
Refinancing your mortgage and consolidating your debt are great ways to free up some money if things are tight. Combining all debt onto one credit card, for instance, can mean a lower interest payment as well as the convenience of having it all in one place.
Why was your loan transferred to PennyMac Loan Services from Bank of the Cascades if the loan is being paid on time?
When you sign your mortgage papers at the closing, there is usually a clause that states the lender can sell your loan to anyone they choose. This does not mean any terms can change. Don't worry as it is standard practice in the mortgage business.
What does the term mortgage mean?
This is when you take the loan you currently have and then refinance the current amount for better interest rates and better payment installments. It gives a better payment and interest rate, however it will place the loan back into a longer period to pay off.
How does a property trust affidavit mean there is a mortgage?
A property trust affidavit typically indicates that the property is held in a trust, which may involve a mortgage if the trust has borrowed funds to acquire or refinance the property. The affidavit often outlines the trust's ownership and its obligations, including any outstanding debts secured by the property. If a mortgage exists, it would be recorded against the property, and the affidavit would acknowledge this financial encumbrance. Therefore, the presence of a mortgage can be inferred from the terms outlined in the property trust affidavit.
