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It's better to refinance. A short sale will reflect negatively on your credit record.

It's better to refinance. A short sale will reflect negatively on your credit record.

It's better to refinance. A short sale will reflect negatively on your credit record.

It's better to refinance. A short sale will reflect negatively on your credit record.

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โˆ™ 2012-08-14 21:26:30
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โˆ™ 2012-08-14 21:26:30

It's better to refinance. A short sale will reflect negatively on your credit record.

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Q: Is it better to short sale a house or refinance to get credit in good standing?
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How does credit affect an individual financial standing?

Your credit can raise or lower your credit score. It is what consumer credit for buying a house or car is based on.

How does credit affect an individual's financial standing?

Your credit can raise or lower your credit score. It is what consumer credit for buying a house or car is based on.

Can you get a refinance loan with a credit score of 400 if your house is in foreclosure?

Your house is in forclosure, this means you do not pay your mortgage. Unlikely a bank would take such a risk!

What do you have to do to refinance your mortgage?

You have to go to the bank that has the loan on your house. They will have you fill out a bunch of paperwork. After that they will refinance your house.

Our son is going to college and we want to refinance our house, where can we go to get a triple credit report?

You can get credit reports from all three major credit bureaus from It is free once per year. Otherwise you will have to pay.

Is it easier for a person with poor credit to refinance their house with the help of a cosigner who has excellent credit?

It can be easier if you use their credit by putting them on title on the home and use there credit, however they will be responsible for the loan and be on title as at least a part owner. If you use another persons credit to do a refinance, the other person must in most title states be put on title and will be responible for the loan even if you both sign which you would have to do.

Can I refinance my mortgage if I have low equity in my house?

Yes it is possible to refinance your house if you have low equity. But you must have at least 20 percent equity before your refinance will be apporoved.

Will taking out another credit card help improve my credit score so I can refinance my house?

No, if you have some credit card problems some house financers will help you with the refinancing costs by putting the cost at a reasonable rate, therefore helping you suceed withoit making your credit card suffer consequences and debts.

Who offers bad credit house refinance in the UK?

Ever since bad credit has become a popular problem, many companies offer bad credit loans to refinance. To find the refinancing according to your specific needs please contact your preferred banking operator or you may also select online from a variety of websites and firms dedicated to this specific field.

Can you refinance your house after getting a home equity line of credit?

Technically, yes, but the home equity line of credit is a lien against your home and will have to be paid off when you refinance the house. In reality, many people find that the unpaid balance on the HELOC, plus the unpaid balance on the original mortgage, exceeds the amount the bank will lend on the refinance. Before you apply for the refinance, just talk with your lender. They can probably walk you through the numbers on the phone and determine pretty quickly whether or not you have enough equity to refinance. If you bought your home several years ago, you may have to have an appraisal done to find out the maximum amount the bank will lend.

If your parents bought a house in their names because your credit could not secure a loan can your wife and you later refinance in your names only?

You would have to 'buy' the house from your parents, but if you can qualify for a loan, there shouldn't be a problem.

How much money will I save if I refinance?

You may not save anything. It depends on what you're refinancing from and to, whether the value of your house has fallen since you bought it, and your current credit situation.

Does a refinance in 2008 on a first house bought count as a first time home buy in 2008?

I am assuming you are looking for a first time home buyer credit. No this is a refinance not purchase. Closing Costs could possibly still be deducted on taxes but check with your tax advisor on that.

Why do people Refinance a house?

People refinance a house because they need money quickly. They might need money for a sudden illness, unexpected home repair or job loss. They also might refinance if the interest rates are low enough.

Do you still pay a mortgage if your house burns down?

no you dont. the bank takes into consideration that there is no longer a house standing and excuses from the mortage providing you have good credit.

Is refinancing your adjustable rate mortgage an option a year before it goes up an option?

The best use of an adjustable loan is to take advantage of the low rates so you can improve your credit standing in other areas. Then, when you refinance to a fixed loan, you may be able to get a better rate than you would otherwise. So, obtain a copy of your credit report and make sure everything is correct. Pay down any outstanding credit to less than half of your credit line. Then, check with your original lender as to the cost of refinancing since they are likely to be able to do a simple refinance with a low fee. Although it may be tempting to take some cash out of the equity, avoid doing so since housing prices are not particularly stable at this time. You do not want to become "upside down" on your house.

If you marry someone who has filed bankruptcy will you be denied a loan to refinance your house?

No. You were not married to him. Keep your maiden name and keep your credit seperate. If it has been a long time out of the bankruptcy then his credit may not be that bad. In fact it is possible that it is better than yours. Call all three credit reporting agencies and have them send a free credit report for him and you to review. If you put him on the title of your home then it could hurt you. If you use his credit scores and they are low it could hurt you because they will take the middle score between you both.

How do I start to get credit to build a credit score?

To get credit to build a credit score, you must take a loan out on something such as a car or a house and then make payments. The more you are on time, the better your score will be.

How does surrendering your house in chapter 7 affect your credit report?

If you are surrendering your house anyways, it is usually better for your credit score if you do it through bankruptcy. If your house is foreclosed on before you file bankruptcy, then your credit score is hit by both the foreclosure and the bankruptcy. If you let your house go back through bankruptcy, instead, then your credit score is only hit by a bankruptcy.

How do you refinance a home home?

You can refinance your home by seeking for a new bank to get your home refinanced or getting it through the same bank where you had your home. If you have good credit scores, then you have a big chance of getting approved for a home refinance. Online Real Estate school also teaches this kind of aspect so that they may also lead their clients to right decisions when it comes to house refinancing.

If you're refinancing your house but the contractor who was renovating is putting a lien on the house because you still owe him a small amount of money will that affect the refinancing and your credit?

If the lien is reported to your the 3 credit reporting agencies or even one as a collection it will effect your credit. If the lien is just on your home it will not effect your credit however you will have to pay the lien off when you sell or refinance your property. Also some of these liens have running interest which can be a shock in the future.

What if a husband refinance a house with out his wife?

If the wife does not have her name on the morgage can the husband throw her out of the house with nothing ?

How can a person get a refinance mortgage?

An individual can get a refinance mortgage on their house by applying from one. Not everyone would be accepted though because their are some qualifications.

How many standing committees does the House of Representatives have?

The House of Representatives have 20 standing committees.

How many standing committee does the house of repersentatives have?

The house of representatives have 20 standing committees.

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