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A situation that would require a mortgage refinancing or cash out would be to obtain a better rate or borrow money against the home. The site named Discover has a nice calculator to help with the calculations.

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โˆ™ 2013-08-22 20:05:58
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Q: In what situation do we need to cash out our refinance mortgage?
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Is it possible to get cash back on a mortgage refinance?

It is indeed possible but you should first determine if refinancing your mortgage will be favorable. You can then apply for a new mortgage after you have decided on the amount of cash that you need.


How can you refinance your home mortgage?

To refinance your home mortgage, you can go to a bank or credit union with the proper paperwork from your original mortgage and ask for refinance. There's usually fees involved, but if you need to, you can.


Do you need a solicitor to take your wife off the joint mortgage?

Your solicitor can negotiate with the lender for you but the mortgage is owned by the lender. You cannot take your wife's name off the obligation if she signed the mortgage. You would need to refinance in your own name and pay off that mortgage. You need to discuss the situation with your bank. If you want the mortgage in your name alone the property must also be in your name alone.Your solicitor can negotiate with the lender for you but the mortgage is owned by the lender. You cannot take your wife's name off the obligation if she signed the mortgage. You would need to refinance in your own name and pay off that mortgage. You need to discuss the situation with your bank. If you want the mortgage in your name alone the property must also be in your name alone.Your solicitor can negotiate with the lender for you but the mortgage is owned by the lender. You cannot take your wife's name off the obligation if she signed the mortgage. You would need to refinance in your own name and pay off that mortgage. You need to discuss the situation with your bank. If you want the mortgage in your name alone the property must also be in your name alone.Your solicitor can negotiate with the lender for you but the mortgage is owned by the lender. You cannot take your wife's name off the obligation if she signed the mortgage. You would need to refinance in your own name and pay off that mortgage. You need to discuss the situation with your bank. If you want the mortgage in your name alone the property must also be in your name alone.


Do you need the original deed to refinance?

You will need your deed to refinance your home. If you no longer have it, your mortgage company should be able to get it for you.


How can one refinance his mortgage?

A person who wants to refinance their home needs to find a mortgage company to do so. The person will need to discuss options of their home, credit and bank information pertaining to the refinance.


Do you need to have a separation agreement to refinance a mortgage in your name?

You can refinance the mortgage in your name if the property is on your name alone and the lender approves your loan.You can refinance the mortgage in your name if the property is on your name alone and the lender approves your loan.You can refinance the mortgage in your name if the property is on your name alone and the lender approves your loan.You can refinance the mortgage in your name if the property is on your name alone and the lender approves your loan.


Can I get home equity with Mortgage Refinance Debt Consolidation?

I think you probably can get home equity with mortgage refinance debt consolidation. You will need to sit down with your lender in order to get the refinance done. It's almost like applying for a mortgage all over again.


What is the best bank to refinance my va mortgage loan ?

There is no one set answer for this question. If you are interested in refinancing a mortgage loan, you need to discuss this with the bank that you pulled the original loan with. At that point, you would need to discuss the terms of a refinance and make the best decision for what works for your financial situation. There is no "rating" guide as to what bank is the best at refinancing.


How do you remove co-sign on mortgage?

By paying off that mortgage. If necessary the primary borrower would need to qualify to refinance in their own name alone.By paying off that mortgage. If necessary the primary borrower would need to qualify to refinance in their own name alone.By paying off that mortgage. If necessary the primary borrower would need to qualify to refinance in their own name alone.By paying off that mortgage. If necessary the primary borrower would need to qualify to refinance in their own name alone.


What is required to refinance your mortgage?

You would need almost everything, and often exactly the same thing, that you need when originally applying for a mortgage.


Is it possible to remove your wifes name of a mortgage?

You would need to pay off that mortgage and refinance in your sole name.


Where can I learn about refinance mortgage?

If you want any information about refinance mortgage try going to mortgageloans.com. If you need any other type of information call your local real estate firm.


Do you need a lawyer for the closing to refinance your mortgage?

I believe it depends on the state you live in.


Can you get your bankrupt ex partner taken off your joint mortgage?

You would need to refinance your mortgage loan to remove the ex.


Do you have to get a mortgage to buy a house?

No. If you have the cash to pay for the property you do not need to obtain a mortgage. Mortgages are for people who do not have the cash on hand to buy real property.No. If you have the cash to pay for the property you do not need to obtain a mortgage. Mortgages are for people who do not have the cash on hand to buy real property.No. If you have the cash to pay for the property you do not need to obtain a mortgage. Mortgages are for people who do not have the cash on hand to buy real property.No. If you have the cash to pay for the property you do not need to obtain a mortgage. Mortgages are for people who do not have the cash on hand to buy real property.


How do you get a co-borrower off a mortgage?

You need to pay off the mortgage and refinance in your own name if you are the sole owner of the real estate.


How long does it take to refinance a mortgage through Wells Fargo?

To refinance a mortgage through Wells Fargo, one doesn't need to be very patient. Refinancing a mortgage through Wells Fargo is a painless and easy process that only takes a few minutes.


If your mother is on the mortgage loan can you refinance the home in your name if you are on the deeds?

The mortgage will need to be in the name of and signed by all the owners of the property. If your mother is an owner then she must sign the mortgage.


In what situation might you need to refinance with a home loan?

You may need to refinance your home loan if you need to get money against your home. For example you are in the situation you lose your job and have no money, some people refinance , and borrow against their home in order to get money to live, however it does create a second loan.


Is a mortgage discharged when renewing mortgage?

If you refinance your mortgage, the attorney representing the bank will use the proceeds of the new mortgage to pay off the existing mortgage and a discharge of that mortgage should be recorded in the land records. You must make certain you ask that question at the closing before you sign anything.


Can you refinance your current mortgage with a PNC mortgage?

You can refinance with PNC mortage. Although doing so is not easy & you need alot of paperwork do go thru this process and it will take youa long time & effort.


What is required when one wants to refinance their home mortgage loan?

To refinance one's home mortgage loan, one needs to make sure their loan is not in default. Loaners will also need to meet specific financial thresholds.


Can you use the money made on an investment property to refinance your primary property into an investment property?

You can spend your profit from your investment property any way you wish as long as you make your mortgage payments. If you want to refinance then you need to speak with your lender.You can spend your profit from your investment property any way you wish as long as you make your mortgage payments. If you want to refinance then you need to speak with your lender.You can spend your profit from your investment property any way you wish as long as you make your mortgage payments. If you want to refinance then you need to speak with your lender.You can spend your profit from your investment property any way you wish as long as you make your mortgage payments. If you want to refinance then you need to speak with your lender.


Why would a person need a second mortgage?

A person would need a second mortgage because it is a way to avoid mortgage insurance. They might also need a second mortgage if they need a lump sum of cash.


Computing Your Savings With an FHA Refinance Calculator?

If you're considering refinancing your FHA mortgage, the first step to deciding if a refinance is right for you is computing the savings you might enjoy from such a move. An FHA refinance calculator enables you to accurately calculate the possible savings a refinance could offer. While you may believe that the difference between your current mortgage payment and a new mortgage payment after refinance will be all you need to know, an FHA refinance calculator lets you take into account all of the fees that are associated with refinancing. You'll get the big picture and be able to decide if you should refinance.