Real Estate

In what situation do we need to cash out our refinance mortgage?

012

Top Answer
User Avatar
Wiki User
Answered
2013-08-22 20:05:58
2013-08-22 20:05:58

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.

001
๐ŸŽƒ
0
๐Ÿคจ
0
๐Ÿ˜ฎ
0
๐Ÿ˜‚
0
User Avatar

Related Questions


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.


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.


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.


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.


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.


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.


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.


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.


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.


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


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.


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


I believe it depends on the state you live in.


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.


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


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.


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.


That depends on the arrangement at the time of the new mortgage. It could be an equity credit line, second mortgage or a refinance of the existing mortgage. In the case of a refinance the proceeds will be used to pay off the first mortgage. You need to ask that question when talking with the lender.


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.


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.


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.


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


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.


He is still responsible for the mortgage. Conveying his interest to you doesn't affect his obligations under the mortgage. Also, mortgages have a provision that the lender can demand payment in full on any change in ownership. You should consult with your attorney who can review the situation and explain your rights and options.If it was done as part of a divorce agreement, you need to refinance in order to remove his obligation regarding the mortgage.He is still responsible for the mortgage. Conveying his interest to you doesn't affect his obligations under the mortgage. Also, mortgages have a provision that the lender can demand payment in full on any change in ownership. You should consult with your attorney who can review the situation and explain your rights and options.If it was done as part of a divorce agreement, you need to refinance in order to remove his obligation regarding the mortgage.He is still responsible for the mortgage. Conveying his interest to you doesn't affect his obligations under the mortgage. Also, mortgages have a provision that the lender can demand payment in full on any change in ownership. You should consult with your attorney who can review the situation and explain your rights and options.If it was done as part of a divorce agreement, you need to refinance in order to remove his obligation regarding the mortgage.He is still responsible for the mortgage. Conveying his interest to you doesn't affect his obligations under the mortgage. Also, mortgages have a provision that the lender can demand payment in full on any change in ownership. You should consult with your attorney who can review the situation and explain your rights and options.If it was done as part of a divorce agreement, you need to refinance in order to remove his obligation regarding the 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.



Copyright ยฉ 2020 Multiply Media, LLC. All Rights Reserved. The material on this site can not be reproduced, distributed, transmitted, cached or otherwise used, except with prior written permission of Multiply.