answersLogoWhite

0


Best Answer

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.

User Avatar

Wiki User

โˆ™ 2012-08-14 21:26:30
This answer is:
User Avatar
Study guides

Mortgages

20 cards

When buying a house can you get a larger house loan so you can pay off some of your credit cards and car

How long do you have to wait in Canada before purchasing a house after bankruptcy

What is a mortgage lien

Is home owners insurance required

โžก๏ธ
See all cards
4.67
โ˜†โ˜…โ˜†โ˜…โ˜†โ˜…โ˜†โ˜…โ˜†โ˜…
3 Reviews
More answers
User Avatar

Wiki User

โˆ™ 2012-08-14 21:26:30

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

This answer is:
User Avatar

Add your answer:

Earn +20 pts
Q: Is it better to short sale a house or refinance to get credit in good standing?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Related questions

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 www.annualcreditreport.com. It is free once per year. Otherwise you will have to pay.


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.


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.


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.


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.


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.


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.

People also asked